Discover Card Judgment Settlement
Why do I have a judgment from Discover Card?
- Discover Card filed a lawsuit to recover money they think is owed to them. The judge agreed. Whether you did not know about the lawsuit and / or did not answer the lawsuit and received a Default Judgment, or lost at trial the fact is that there is a judgment. Judgments in the State of Louisiana are valid for 10 years and can be renewed again.
- Discover Card judgments do not appear on your credit report. However, when you apply for a loan the lender will pull another report from LexisNexis or CoreLogic that will show the judgment. When selling your home, the title company will often find judgments. The judgment will have to be resolved in order for your transaction to proceed. We help you resolve judgments quickly.
What happens if I don’t settle Discover Card judgment?
After Discover Card takes a judgment against you they can
- Go after your paycheck taking a potion of it until paid in full. Learn more about Louisiana Wage Garnishment
- Freeze and take money from your bank accounts. Learn more about Louisiana Bank Garnishment
- Hinder they sale of your property until a settlement is made. Learn more about Louisiana Judgment Settlement
- Force the sale of unprotected assets like a home, cars, jewelry.
Cost to Settle Discover Card Judgments
- 3 Month Payment Plan Allowed
$2k to $5k
- 4 Month Payment Plan Allowed
$5k to $8k
- 5 Month Payment Plan Allowed
$8k to $11k
- 6 Month Payment Plan Allowed
$11k to $20k
- 8 Month Payment Plan Allowed
- Payment Plan Allowed
Petition for Nullity
There are many reasons that you may want to try to file a Petition for Nullity or vacate a judgment in Louisiana. One of the main reasons is that our client did not get served with the original lawsuit. You are asking a judge to “vacate” the the original judgment against you.
We are experienced in Petition for Nullity lawsuits that can often yield good results for our clients.
Petition for Nullity
- $500 per month as long as litigation is ongoing
We allow payment plans on our negotiation fees.
The above pricing does not include the filing fees or electronic filing fees to the court. Sometimes the judgment creditor will agree to pay these fees. Filing fees typically are $26.00 for the first page and $4.00 there after. Release of Judgments are typically 2-3 pages. Some courts require a separate electronic filing fee which is usually less than $20.00.
A judgment creditor usually will not issue the release of judgment for 15 – 30 days after receipt of funds.
What we do for you
- Find out who to settle with 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. Even though the judgment creditor took the judgment they may have sold the judgment to another company.
- 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.
- Help 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.
- Inform the Credit Bureaus The final step is to let the credit bureaus know the status of the judgment as released.