The lien on property will generally not involve forcing the sale of the property in order to satisfy the judgment.You should look to resolve the judgment prior to selling the home (negotiate a settlement before listing if possible), or refinancing (settling before a lender does a hard credit pull is often best). Once your wages are attached the creditor has little reason to work with you at resolving the debt for less because they will continue to get paid unless: Interest is accumulated at the rate set by the court, or the maximum allowed by law in your state for judgment debt.Timing, balances, who your credit card debts are owed to, and your ability to come up with the money needed to settle the debts – all will affect the strategic design of which account to settle with first, second, third etc….It is important to have a plan to follow if you want to systematically and successfully settle debts and save the most money in the process.I have never gone through anything like this before and am honestly afraid of what will happen if not taken care of immediately, Thanks in advance for any advice you may offer. The post judgment questionnaire is not in response to the settlement offer that you mailed them.It is just part of the collection process now that Portfolio Recovery has a judgment.Most states allow for a judgment to be renewed prior to expiration.For many, this is a ten year time line and renewal allows for an additional 10 years. Identify all resources you can tap to fund a settlement offer or payment plan successfully.
Upon receiving my copy of the judgement I attempted to contact their office via phone to discuss a possible settlement.If you cannot reasonably come up with the money to settle the debt, or make payments after reaching agreeable terms, look to bankruptcy to stop a bank levy, wage garnishment or lien on property. I highly recommend anyone with a judgment, that needs to be resolved in order to buy or refinance your home, to watch this video interview I had with a former debt collector: https://youtube/Qpd Dks73QUw It is always best to put a plan together to address delinquent debts before a judgment becomes the concern and you are forced into crisis mode.If you have other debts, you can still put a plan together that includes resolving the judgment too, but it is important to not waste any time in doing so. About Michael Bovee Michael started CRN in 2004 with a mission to provide people in need with detailed debt and credit help and education.Filling out and signing this questionnaire gives the Couch, Conville, & Blitt the authorization to retrieve any of my personal information from my employer as well as my financial institution.I really do not want them calling my job and I definitely want to prevent wage garnishment, I am willing to settle for a lesser amount that can be paid within a month, Do you have any suggestions as to what I should do with this questionnaire?