Can you negotiate the amount of a judgement from a credit card / collection agency?

Question

Judgement is 2 years old 11,000.00 credit card debt in texas

Answer 1

You can negotiate it, they need to get some money out of the account, not the full amount.

Answer 2

You can try, but the party holding the judgment may say no.  If you do make an offer and they accept,  make sure that the money you paid is satisfied in full so they cannot sell transfer or trade.

Be advised that in Texas the statute of limitations on a judgement is 10 years and is renewable with an interest rate of 10%.

Hope this answers your question

LEGAL DISCLAIMER: The advice contained herein is for informational purposes only. It is not to be construed as Legal Counsel nor Legal Advice.

Answer 3

yes you can try.

Answer 4

Roberto G, I found a huge online list of Texas local credit card resources. http://www.howtofindcreditcard.com/Texas... Try calling a local company and they can answer your questions.