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wsksklyn54 · Oct 12, 2008, 01:06 PM

I live in the state of Oregon and recently received a notice of entry of Judgment in the mail. This is an old credit card debt. A judgment lien has been attached to my real property. My question is this. What does this really mean? I am not a home owner, nor do I own the car I drive, as the finance company still has the title. In fact, I still have five years to go to pay it off. I have no investments, nor do I even have a savings account. I am someone who literally lives from paycheck to paycheck.

Currently I am paying 100.00 a month per agreement to pay off this debt. The money is taken out automatically from my checking account through post-dated checks. I have been doing this for the past year and a half. The debt, if I was to pay it off today is about 3500.00. The reason I am in this situation is that I missed a monthly payment. I am allowed to submit only a certain amount of post-dated checks at a time, 6 checks are the limit. I messed up it the interim.

I signed a proposed stipulated judgment and covenant not to execute in September and sent that back to the attorney's through certified mail, so I know the letter reached them in the time allowed. If the paperwork did not reach the office of the Attorneys then they had the right to prosecute. I was given 11 days to sign. Is this Judgment lien something they can act on now? Should I be concerned that my wages will be garnished? Or is this a warning that if I miss a payment in the future, it will be acted upon. As was stated in the above paperwork mentioned that I had signed.

JudyKayTee · Oct 12, 2008, 01:25 PM

Originally Posted by wsksklyn54

I live in the state of Oregon and recently received a notice of entry of Judgment in the mail. This is an old credit card debt. A judgment lien has been attached to my real property. My question is this. What does this really mean? I am not a home owner, nor do I own the car I drive, as the finance company still has the title. In fact, I still have five years to go to pay it off. I have no investments, nor do I even have a savings account. I am someone who literally lives from paycheck to paycheck.

Currently I am paying 100.00 a month per agreement to pay off this debt. The money is taken out automatically from my checking account through post-dated checks. I have been doing this for the past year and a half. The debt, if I was to pay it off today is about 3500.00. The reason I am in this situation is that I missed a monthly payment. I am allowed to submit only a certain amount of post-dated checks at a time, 6 checks are the limit. I messed up it the interim.

I signed a proposed stipulated judgment and covenant not to execute in September and sent that back to the attorney's through certified mail, so I know the letter reached them in the time allowed. If the paperwork did not reach the office of the Attorneys then they had the right to prosecute. I was given 11 days to sign. Is this Judgment lien something they can act on now? Should I be concerned that my wages will be garnished? Or is this a warning that if I miss a payment in the future, it will be acted upon. As was stated in the above paperwork mentioned that I had signed.

If it's a notice of entry it means the Judgment has been entered (filed). It doesn't necessarily mean they are going to move against you now. They simply will be able to move immediately if you fail to keep up your end of the bargain - no other Court proceeding necessary.

wsksklyn54 · Oct 13, 2008, 08:33 AM

That's what I thought initially. It was that gnawing feeling that was making me think otherwise. I received the letter late Friday and have been unable to contact the attorneys involved as it is a long weekend. Thank you for the confirmation, now I can relax a bit easier.

JudyKayTee · Oct 13, 2008, 08:36 AM

Originally Posted by wsksklyn54

That's what I thought initially. It was that gnawing feeling that was making me think otherwise. I received the letter late Friday and have been unable to contact the attorneys involved as it is a long weekend. Thank you for the confirmation, now I can relax a bit easier.

Good, glad you have some peace of mind. That's just the Notice of Entry and I trust you can understand why the creditor filed the Judgment (or whatever was filed).