Outstanding civil judgments?
Unfortunately, no bank will give you an unsecured loan if you have an outstanding civil judgment. It must be paid and released through a satisfaction of judgment filed with the court. Paying over time will not do. It must be totally satisfied. Note also there is a major difference between a judgment based on not paying your bills (collection account), and a judgment for some other reason. For example, if you have a judgment based on a personal injury action or a dispute with your insurance company, this has nothing to do with your character of paying your bills and would not be looked at as negatively.
Related Questions
- If I set up an offshore trust where my assets are protected and any civil judgments from lawsuits go unpaid, can a judge put me in jail for failing to pay the judgment?
- Can convicted defendants file for bankruptcy to keep from paying court-ordered restitution or civil judgments?
- What is the statute of limitations on civil judgments in Florida?
