Help!! Don't know where to start..

[gsmith76]

Hi. My husband and I are trying to figure out what we can do. We are in a lease with option contract and are trying to figure out how we can get financed in 9 months. All the lenders are saying we need to get our credit fixed. We have a lot of collection accounts on our report and we have two judgements. What is the quickest way to fix our situation. The judgement is from 4 years ago and was from a person not a company. They have never pursued a garnishment. The other judgement has been paid off but still on my report. How can i get these removed? Also does anyone have any letter samples to get collection agency's to remove paid collections off my report and samples of how i can get collection agencys to settle for less than what is listed? Is this worth trying on my own or should i go to a repair agency? Most of our collections are from old medical and only 2 credit cards which are less than 1000 each. Any advice??

[Hal Jordan]

Read the beginner's section. Everything you just asked for is outlined there.

[Lian]

Judgments remain in your CR, paid or unpaid, for 7 years from the date of the judgment. In some states, payment of a debt will be accepted by the court as sufficient grounds for granting of a motion to vacate the judgment. if you motion the court to vacate, the judgment creditor will be advised, and can show up in court to oppose it. I suggest you review your state civil statute and prior precedents, and determine how the courts in your jurisdiction handle motions to vacate based on satisfaction of the debt. Additionally, if you can gain the support of the debt creditor in your motion, it would help. Some will support you, but others wont take the time.

You can really do nothing legally to require the deletion of collections based on payment of the debt. Payment does not negate the derog that preceded it.

Deletion of accurate, paid collections requires sending them a request for good-will deletion. It is strictly voluntary on their part.

[jessetsi]

Getting a judgement removed is 50/50 (if you know what you're doing).

You're going to want to work with a specialist on your report to ensure it gets taken care of in time. 9 months isn't a lot of time, if you make one mistake, you'll be sorry.

[Lian]

If you want to have the judgment actually vacated, there are a couple of ways to go about it. In some states, the judgment creditor can file a motion to have their action dismissed. So you can request their support and assistance.

Few judgment creditors are disposed to do so, however, because there is a cost involved. Still, some will and it doesn't hurt to ask.

Depending on the concept of the debt and the law / court practices in your area, payment alone may be sufficient to have the judgment vacated. If not, you need to find an acceptable reason (grounds) upon which to base your request that the court vacate the judgment.