Once judgments are paid, they must be removed seven years after the date they were entered by the court.
But soon those parameters are changing: Beginning in July, the credit bureaus will exclude judgments that don’t contain complete consumer details or have not been updated in the last 90 days.
If you can, make sure you have a written agreement from them that states they will not pursue the debt in court if you make the payment as agreed.
The answer to this question is often “yes.” Most judgment creditors know it is often difficult to collect judgments, especially if the debtor doesn’t have wages that can be garnished or assets they can go after.
If you are able to get a lump sum of money from, say a relative, you may be able to offer that to the creditor to pay off the judgment.
The attorney can explain what property you own is “exempt,” or safe from creditors.
You can also check out this article on how to get out of debt. In certain circumstances, you can ask the court to re-open a judgment or you can formally file an appeal.