I have a judgment from a major CC company that was actually filed a few years ago. I'm fairly sure I signed for the paperwork when it was delivered and just ignored it as I was a 23 year old youngster with my head stuck somewhere stupid.
In any case, the judgment amount is about $4000.
In ~2009 the law firm sent me some "we attempted to contact you, but you've ignored our demands for payment. we have judgment and if you don't do something we'll instruct to sheriff to perform a levy on your property, blah blah blah." I didn't have any property and in fact had moved out of state and they never tried to move the judgment over so I wasn't worried about their demand...but I also just ignored it because I was broke as a joke.
I'm finally to the point where I'll have about 50-75% of original judgment amount and want to get this cleared up. The judgment is there, so no real point in fighting too hard, just want to pay my obligations and move on (that is, so long as it's still with the OC, I won't pay a JDB a nickel until the court says so).
That said, obviously I don't have 100% of the original judgment, nor 100% of the judgment plus statutory interest which I'm sure brings this up over $5000.
Also, I'd like to get the most bang for my buck. I was going to just offer money for a satisfaction, but then I saw letters with no 1099, and even some letters that included vacating a judgment.
How far do I push, knowing I don't have nearly what they want? If I offer too little (with high demands) in the letter, might they just ignore me or not be willing to negotiate with someone who's way off their rocker??
In any case...I need a settlement letter. Hopefully to include terms that include vacating the judgment, no 1099, etc. I also don't want to offer all my "stash" to settle so I do have some room to negotiate....
Any thoughts on what to put in there?