02-26-2013 09:37 AM
In 2011 Portfolio Recovery Services filed a judgment against me for an account that I previously had with HHGregg. The original amount of the judgment was around $2,000, but has now increased to around $2,750 since then. My dilemma is not knowing what to do NOW in order to resolve this issue. Would a debt verification letter work at this point or have I given up any rights under a DV Letter since I didn't respond to the judgment within 30 days? Is there a way to get them to agree to remove it? Should I offer to settlement with them? And if we do settle, would they remove it from my reports? I do not have a lot of money, but would be willing to pay approximately $500 to resolve the issue if that would remove it. I contacted the court and was told that they received a gree certified card, although they couldn't read the name. I am working hard to clean up my credit and finally now realize the importance of having a good credit score. Has anyone had any luck with getting items removed or settling with this company? Any advice would be greatly appreciated. Thank you!!
02-26-2013 09:40 AM
A DV would serve no purpose here. There's not any better validation than a court judgement against you. I would try for a pay and have them vacate.
02-26-2013 09:49 AM
You can't DV the courtts or a judgment.
It sounds as though they may have gotten a default judgment because you didn't show up. You can contact the clerk and find out what paperwork they have.
I can't say if the creditor would take $500 for a settlement, you would need to ask them. They may refer you to their attorney.
A judgment is not as easily removed than other negative items. Once paid it would need to be vacated and in some states they just don't allow it.
02-26-2013 09:55 AM - edited 02-26-2013 09:57 AM
I was afraid that I was too late for a DV letter. Their attorney sent me a letter a few weeks ago offering a settlement which was much too high for my budget. I will write a letter to the attorney to see if they will settle for a smaller amount. Thanks for the advice!