Is it possible to settle a debt after a court judgment?

Answer by  malone (4817)

Once a creditor has a judgment, they don't need to settle. They have the right to attach wages, bank accounts and other assets to recover in full and rarely care to negotiate after it's gone that far.

Answer by  patti (29325)

Once the case has been to court, there is no "out of court." When a creditor has a judgment, there is no need for it to negotiate a settlement of the debt. In order to recover legal costs, the creditor will likely want to collect 100% of the debt.

Answer by  tamarawilhite (17883)

You can settle after a court judgment, if the debt holder allows this. However, have all of this in writing AND send it to the court to close the case.

Answer by  John (9008)

It is possible, and not all that uncommon. Your creditor is in a position of power, however, and you will be unlikely to get as favorable of a settlement as you would have prior to the judgment. However, it can still happen and nothing in the law prohibits it. You need to talk to your creditor right away, though.

Answer by  patti (29325)

You can ask. A creditor with a judgment has no need to settle and is in a position to recover 100% of the judgment, but it can't hurt to ask.

Answer by  Roland27 (16334)

Mostly likely no. Once it's reached the point of court you will have to pay the amount you owed and lawyers and court fees too.

Answer by  tru (144)

You can pay the debt after the court hearing and it will show on your credit report if its been paid or not. Occasionally companies will still work with you on payment, depending on company but worth a shot. Definitely pay to help further credit problems.

Answer by  Dean (4035)

You may be able to. It depends on a number of factors. Once the judgment is in place, the creditor has no need to negotiate, but they might, so ask.