John P. Chay PLLC can help settle judgments and liens. While a judgment creditor does not have to take less than the full value of the judgment, we often find that they will. We can assist in making the best case for the judgment creditor to lower their asking price on the judgment amount. We will find the correct judgment creditor to settle with, negotiate a settlement price, write the release of judgment, help transfer money to the creditor, make sure a correct release of judgment is signed, and then file the release of judgment in the county.
IF YOU ARE SUED, YOU NEED TO ANSWER THE LAWSUIT WHETHER YOU DO IT YOURSELF OR HIRE AN ATTORNEY.
We often find that if a title company, realtor, or banking institution contacts the judgment creditor first, it lowers the ability to settle for less. The judgment creditor assumes that some type of real estate transaction is taking place and they will use that as leverage to obtain more money from the client.
Judgment Creditors We Fight
- Absolute Investments LLC
- Absolute Resolutions Investments LLC
- Absolute Resolutions, LLC
- Accelerated Inventory Management, LLC
- Advantage Assets II LLC
- Alasia LLC
- Ally Bank
- American Express
- Arrow Financial
- Asset Acceptance LLC
- Astoria Acquisitions
- Atlantic Credit and Finance
- Autovest LLC
- Axiom Acquisition Ventures, LLC
- Bank of America
- Bankers Healthcare Group LLC
- Barclays Bank
- BHG Financial
- Bluebonnet Financial
- Branch Banking & Trust (BB&T)
- CACH LLC
- CACV of Colorado
- Cadles of Grassy Meadows II
- Calvary Portfolio
- Capital One Bank
- Cavalry SPV I
- Chase Bank
- CIG Financial LLC
- Citibank
- Citifinancial Auto Ltd
- Citizen’s Bank, N.A.
- Credigy Receivables
- Credit Corp Solutions
- Credit Union of Texas
- Crown Asset Management
- Discover Bank
- Discover Card
- DNF Associates LLC
- Dodeka LLC
- ECCO 2018TX1 LLC
- Educap, Inc
- Equable Ascent Financial (EAF)
- FIA Card Services
- First National Bank of Omaha
- First Portfolio Ventures II, LLC
- First Technology Federal Credit Union
- Ford Motor Company LLC
- Forsythe Finance LLC
- Frost Bank
- Gaia Finance, LLC
- Galaxy International Purchasing LLC
- GECRB
- Goldman Sachs
- Grassy Sprain Group Inc.
- Harvest Credit Management
- Hilco Receivables LLC
- HSBC Bank
- Hudson & Keyse LLC
- Integras Capital Recovery LLC
- Investment Retreivers
- Jefferson Capital LLC
- JH Portfolio Debt Equities, LLC
- JHPDE
- JP Morgan Chase Bank
- LA Financial Federal Credit Union
- LCS Financial Services
- LoanNow LLC
- Lobel Financial Corporation
- Lutea LLC
- LVNV Funding LLC
- Main Street Acquisitions
- Mariner Finance
- Merrick Bank
- Midland Credit Management Inc
- Midland Funding LLC
- Mountain Lion Acquisitions Inc
- MRC Receivables Corp
- National Collegiate Student Loan Trust
- NCB Management Services, Inc.
- NCEP LLC
- Northstar Capital Acquisition
- Nuvision Federal
- Oliphant Financial LLC
- OneMain Financial
- Palisades Collection
- Pallida LLC
- Persolve Legal Group
- Persolve Recoveries
- Pharia LLC
- PNC Bank
- Portfolio Recovery Associates
- Pro Credit Solutions LLC
- Provident Credit Union
- Redwood Credit Union
- Resurgent Receivables LLC
- SchoolsFirst Federal Credit Union
- Second Round
- Second Round Sub LLC
- Sequoia Concepts Inc
- SFM -6 LLC
- Shenandoah Funding Trust
- Sofi Bank
- Star One Credit Union
- Student Loan Solutions
- Sweeney Financial Management
- Synchrony Bank
- Target National Bank
- TBF Financial I LLC
- TD Auto Finance, LLC
- TD Bank USA
- Texans Credit Union
- The Best Service Co Inc
- The Golden 1 Credit Union
- Troy Capital LLC
- UHG I, LLC
- Unifund CCR Partners
- Unify Financial Federal Credit Union
- US Bank National Association
- Velocity Investments, LLC
- Vion Holdings
- Wells Fargo
- Wilmington Savings Fund Society FSB
How to settle a judgment yourself
You can attempt to settle a judgment yourself and save legal fees. If you choose to do so here is a general process you can use to settle a judgment.
- Find the judgment creditor Sometimes this is the most difficult part of the process. A copy of the judgment will need to be obtained from public records. You can then contact the attorney that represented the creditor in court. They may or may not be able to help settle the judgment. Sometimes the creditors that took the judgment are out of business, have declared bankruptcy, or sold the debt. You will have to find the entity that owns the judgment now and document how they own it.
- Create a hardship letter A hardship letter needs to document the reasons why the judgment creditor should reduce the amount that they are owed. A good hardship letter should be able to provide details of a job loss, divorce, medical issues, or any other event out of the ordinary that inhibits your ability to pay the full amount due.
- Negotiate A judgment creditor has all the power in a settlement negotiation. Until the client agrees to pay a price that judgment creditor wants, they will not sign off on the release of judgment. A good hardship statement and correct documentation may persuade the creditor to reduce the amount of money they are demanding. The perfect settlement price is what a client is willing to pay and what the judgment creditor is willing to accept.
- Write a Release of Judgment This is the document that after signing will be sent to the court and recorded in public records proving that the judgment is released. If this is not written correctly or signed off appropriately, then it may be invalid.
- Transfer Money and Get Release of Judgment Signed It is imperative that you make sure that if you send money to a judgment creditor, they will release the judgment as agreed. If they do not then you may have to take more expensive
- File Release of judgment in the correct county The settlement process is not complete until you file an original copy of the release of judgment inside the county that the judgment was taken. Most counties charge a small fee to file documents into the public record.
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