Even after a judgment is entered against you, it is still possible to settle a debt for less than the court-approved amount. Although it is better to settle a debt before judgment if possible, because you will have more leverage. Judgment and liens are awarded through court order and must be repaid in full, or otherwise satisfied, for the creditor to release you from the obligation.
In addition Goldman & Wise in most matters should be able to negotiate a discount to the debt in return for a lump sum payment. Most discounts can range for 30% to 80%. Upon settlement and payment on the discounted amount settled you will receive a release and satisfaction of lien.
To discuss your personal situation please contact our office to speak with one of our representative.
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