Just paid off a judgement, credit card issuer update and I still owe $

[avahunter]

Capital One got a judgement against me. The judgement has never appeared on my credit report, C1 continued to update the balance on the cc account, as I paid it off through their collection agency. It has been slow going. Recently their collectio service sent me an offer to satisfy the judgement at a discount. I was able to do that, and the judgement was filed as satisfied at my local courthouse. I was sent an official document stating the judgement was satisfied. 

When my credit repor updated, capital one has updated the charged off card with the remaining amount I was not asked to pay. That is I accepted their offer of 400.00 to settle the judgement, which I paid. The remaining balance is 90 dollars. The judgement was filed as satisfied, but C1 is continuing to report that 90 dollar balance as unpaid. 
If the judgement is filed as satisfied, isn't reporting a balance continued collection efforts for the remaining 90 dollars? Is there something I can do about this? Or... 

Please help. 

[SouthJamaica]

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@avahunter wrote:

Capital One got a judgement against me. The judgement has never appeared on my credit report, C1 continued to update the balance on the cc account, as I paid it off through their collection agency. It has been slow going. Recently their collectio service sent me an offer to satisfy the judgement at a discount. I was able to do that, and the judgement was filed as satisfied at my local courthouse. I was sent an official document stating the judgement was satisfied. 

When my credit repor updated, capital one has updated the charged off card with the remaining amount I was not asked to pay. That is I accepted their offer of 400.00 to settle the judgement, which I paid. The remaining balance is 90 dollars. The judgement was filed as satisfied, but C1 is continuing to report that 90 dollar balance as unpaid. 
If the judgement is filed as satisfied, isn't reporting a balance continued collection efforts for the remaining 90 dollars? Is there something I can do about this? Or... 

Please help. 

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Welcome to the forum.

I would dispute it, sending the bureaus a copy of the satisfaction. They might remove it, they might not.

Technically, the bank would be within its rights to report the amount it didn't collect as a chargeoff. But if you dispute it, they might not fight to keep it on your reports.

[avahunter]

ok, thanks for your response. 

[Spotsy]

You should dispute the account, as others have suggested, but it should report as a zero balance, status of 'settled' or 'paid'.  They should not attempt to collect, nor should you pay, the $90 settlement discount. There should be no remaining balance being reported to the CRs for this account.

[avahunter]

Small update. 

I got distracted on challenging the way they were reporting. Today I received noticed the account was update to show "o" , with a notation that Cap 1 settled the debt for less than what was owed. It looks like that added 4 points to my score, however experien put in red" settled for less than owed". 
The debt was around 2500, I paid all but $91, because they made me an offer on the remaining amount I had left to pay, which was around 400.00. 

Now I am wondering if I should just have paid the whole thing? 

Someone please let me know if it is better to not accept their offers in terms of how my credit will recover. 

I have a lot of dings on my score due to issues with the whole events around covid, job loss, getting covid, and so on. 

[SouthJamaica]

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@avahunter wrote:

Capital One got a judgement against me. The judgement has never appeared on my credit report, C1 continued to update the balance on the cc account, as I paid it off through their collection agency. It has been slow going. Recently their collectio service sent me an offer to satisfy the judgement at a discount. I was able to do that, and the judgement was filed as satisfied at my local courthouse. I was sent an official document stating the judgement was satisfied. 

When my credit repor updated, capital one has updated the charged off card with the remaining amount I was not asked to pay. That is I accepted their offer of 400.00 to settle the judgement, which I paid. The remaining balance is 90 dollars. The judgement was filed as satisfied, but C1 is continuing to report that 90 dollar balance as unpaid. 
If the judgement is filed as satisfied, isn't reporting a balance continued collection efforts for the remaining 90 dollars? Is there something I can do about this? Or... 

Please help. 

---

I would dispute it.

[SouthJamaica]

---

@avahunter wrote:

Small update. 

I got distracted on challenging the way they were reporting. Today I received noticed the account was update to show "o" , with a notation that Cap 1 settled the debt for less than what was owed. It looks like that added 4 points to my score, however experien put in red" settled for less than owed". 
The debt was around 2500, I paid all but $91, because they made me an offer on the remaining amount I had left to pay, which was around 400.00. 

Now I am wondering if I should just have paid the whole thing? 

Someone please let me know if it is better to not accept their offers in terms of how my credit will recover. 

I have a lot of dings on my score due to issues with the whole events around covid, job loss, getting covid, and so on. 

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Yes it is better not to accept settlement offers like that. The settlements are often reported as negatives.

[CrSter]

Judgments themselves do not appear on credit reports for some years now has been the rule, but if the underlying debt is a personal credit card or credit line or something that does appear on your credit it will remain there until paid off and even then will still show as derogatory unless you negotiate its removal at payoff time with all parties that placed it on your credit.