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Hello all.
I am recently married and my wife has a debt that hit the mail recently. She had an old credit card with Home Depot that went to Portfolio Recovery. They have since referred it to a local lawyer in our state (michigan) and recently they were awarded a garnishment of her state taxes. We got the paper in the mail Friday saying this.
Currently on her credit all I see is the Collection under Portfolio Recovery. I am working with the lawyer directly now setting up a settlement to pay to close out the debt. This will happen within a day or two.
So now for my question:
Since this is a garnishment judgement already, will that judgement hit her credit regardless of what I do?
Who reports the garnishment to the credit firms? Court? Lawyer? Portfolio?
If the garnishment judgement hits her credit, does the collection get removed or is it a double ding?
Basically, I want to resolve this item for her BUT I need to know I will be clearing her credit in the process. Portfolio currently deletes the tradeline if you pay them for their debts, but since this is in a lawyers hands I am scared I am going to do all this and still have her credit be bad.
Thanks for any tips or info on the above.