A judgment can issued against a Texas resident if they do not respond to or lose a lawsuit failed against them. The judge has issued a ruling the consumer owes the creditor the money. In an attempt to resolve a judgment a consumer must pay the holder of the judgment the amount due on the judgment. Many consumers do not realize that judgments can possibly accrue a minimum interest rate and increase in value every day. After payment the judgment creditor should release the judgment. Often you will need to resolve a judgment in order to purchase a home or obtain other financing.
While no one can guarantee that a judgment creditor will take less than the full value of the judgment, sometimes they will accept less than full balance to be paid today. Our job is to help identify the strengths and weaknesses of your position and present them to the judgment creditor. Our goal is to present your offer in the best light in an attempt to get the judgment creditor to accept it.
We then create the release of judgment, help transfer the funds to settle the judgment, and file the release in the appropriate county. We make settling a judgment convenient and convenient for our clients.
To learn more about how be maybe able to assist you in resolving the above issues, please call (214) 556-2300.
The above pricing does not include the filing fees or electronic filing fees to the court. Sometimes the judgment creditor will agree to pay these fees. Filing fees typically are $26.00 for the first page and $4.00 there after. Release of Judgments are typically 2-3 pages. Some courts require a separate electronic filing fee which is usually less than $20.00.
A judgment creditor usually will not issue the release of judgment for 15 – 30 days after receipt of funds.
For our fees we will:
- Obtain the necessary documents to evaluate your situation
- Evaluate the documents compared to the client’s scenario and help render an opinion
- Help the client enforce their rights as to the debt collection / credit reporting.
- If desired, approach the lender to see if a settlement can be made that is favorable to our client’s goals of credit reporting and ending possible legal liabilities.
The above fees do not include the filing of a lawsuit against the creditor.