I have a civil judgement for about $3000 about 4 years old at 8% interest. I can pay it off in entirety with no problem. I want to contact the firm holding this debt (they have never contacted me) and negotiate this debt. My questions are:

Considering I have ample assets and income to pay this will they most likely still negotiate and what is rule of thumb for what they may settle for?

What steps do I take to make sure if I pay this they uphold their end of bargain in reporting etc.

What do I file or send to reporting agencies.

Also, should I get an attorney, what kind of attorney would handle/specialize in this?

1. Don't tell them you have the money to pay it off, pretend you have someone to borry so much from. Act like it is almost imposible to pay a certain amount. ( remember if they though you had money they most likely would have gotten a judgement by now)

2. get it in writing, if you reach an agreement ask them to put it into a letter of agrement and send it to you, once they do then you will send them the money

3. I will never tell you not to get an attorney, an attorney can look and give you perfessional advice

Hello credit:

You do know, don't you, that with a judgment in hand, if they find any of your ample assets, they can just, in essence, take them? IF your ample assets are made up of real property, stocks and bonds, or bank accounts, they can find them pretty easily. If you have a job, they can find out about that too. I don't know why they didn't.

I only point this out to let you know that your bargaining position is relatively weak... Actually, it's non existent.

I don't know why the judgment creditor would go through the trouble and expense of getting a judgment, and then not do the easy and fun part, which is collecting. Maybe they forgot. Maybe they're not efficient. Maybe they have too much money. I don't know.

But, if you contact them, maybe they'll find the file and,, and,, Who knows? You know, that thing about letting sleeping dogs lie...

All I know is, these people are NOT bothering you now. The judgment WILL expire (maybe it has - did you check?), and then you're home free.

Of course, if your conscience is bothering you, then you should pay the whole thing.

The document you need is called a satisfaction of judgment. It's filed with the court. You can actually do that yourself. Pay, have 'em sign the thing, and take it to the courthouse.

excon