Home » FAQ » Settlements

Settlements

What possible outcomes can I expect from the judge?

You have mentioned that if I receive a summons, to show up and tell my side of the situation. As that I am judgment proof with good reason, what possible outcomes can I expect from the judge? I am going to court on 2/05/07. I wrote this company to get my original debt. he never said. i have papers,showing that ...

Read More »

Is settled in full status more favorable than other statuses?

Is certain wording on one’s credit report, for example, “settled in full” status more favorable than other statuses? What should I ask creditors/debt collectors to agree to report on credit reports before making final debt settlements? First, let’s make sure we know our rights for reporting debts, especially old debts. Second, recognize that if the debt is being reported to ...

Read More »

What does the term settlement or settle mean?

The term settlement or settle means: “to compromise”! Put another way, it’s a an agreement to substitute, for an existing debt or obligation, some alternative form of discharging that debt. The term, ” satisfaction” is the actual discharge of the debt by the substituted means. Compromise is an agreement to perform some action, while satisfaction is the actual performance. Satisfied ...

Read More »