CT Credit Card Debt Attorney Examines Paying a Stipulated Judgment in Full
If I pay a stipulated judgment in full, what document(s) should I receive from the plaintiff once they’ve received payment?
Do I have to file the document with the court and let the credit reporting agencies know that the debt has been paid or does the plaintiff have to do these two things? Any feedback will be appreciated.
No. The plaintiff has a legal obligation under the Fair Credit Reporting Act to report that the debt has been satisfied by you to one of the credit reporting agencies (and they have an obligation to share this information with the other agencies). The process of having this fact on your credit report may take 4-8 weeks. But pull your free credit report in 2 months at www.annualcreditreport.com just to be sure that they complied. If they don’t, contact a CT Credit Card Debt Attorney.
If you are facing issues with debt or a creditor, contact dedicated CT Credit Card Debt Attorney Eric Foster for guidance.