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Judgment and Charge-off same creditor (capital one)--balance is being reported as a chargeoff

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Anonymous
Not applicable

Re: Judgment and Charge-off same creditor (capital one)--balance is being reported as a chargeoff

Attorney is a collection agency and they are reporting a reduction in the debt owed. I'd like to settle with them, but they won't budge. 

Message 11 of 13
Anonymous
Not applicable

Re: Judgment and Charge-off same creditor (capital one)--balance is being reported as a chargeoff


@Anonymous wrote:

Attorney is a collection agency and they are reporting a reduction in the debt owed. I'd like to settle with them, but they won't budge. 


Yeah, thats usually the case with a judgement creditor - unless you are uncollectible.

Message 12 of 13
RobertEG
Legendary Contributor

Re: Judgment and Charge-off same creditor (capital one)--balance is being reported as a chargeoff

They went through the time, expense, and trouble to get an order from the court findng the debt valid, and ordering its full payment.

They have recourse to them attempt to also get an additional order from the court to satisfy the debt by attaching assets or garnishing wages.

They are in the driver's seat, so it is not surprising that they dont wish to now accept less than what is owed.

Message 13 of 13
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