Q:

What does it mean to be paying off a judgment?

A:

Paying off a judgment means that a party is making partial payments or payments in full toward a judgment against the party. A judgment is a court order in civil cases that requires one party to pay another.

In cases where the judgment is too large to pay in one payment, the judgment creditor has the option of allowing payments in installments. Once the judgment debtor has paid the judgment in full, the judgment creditor files the appropriate documents to the court stating that the judgment has been satisfied. Judgment debtors should check their credit once they have satisfied the judgment to make sure the judgment is no longer on their credit report.

Learn More

Related Questions

  • Q:

    What rights do renters have in the event of an eviction?

    A:

    Renters have the right to be served with a legal notice of an eviction, and landlords cannot move renters and their property out without the assistance of a law enforcement officer, says Nolo. Evictions must be preceded by a termination of tenancy.

    Full Answer >
    Filed Under:
  • Q:

    What is the difference between criminal law and civil law?

    A:

    State or federal government bring criminal actions against parties that are accused of violating the law and civil actions are non-criminal acts brought against those accused of violating private rights. Examples of criminal law include murder, kidnapping, embezzlement or theft. Civil law examples include breach of contract, compensation-related cases and fraud.

    Full Answer >
    Filed Under:
  • Q:

    What are the repossession laws in Oklahoma?

    A:

    According to the Oklahoma law office of Mitchell and Hammond, if an individual in Oklahoma leases or purchases an item on credit and fails to make the agreed upon payments, creditors have the right to seek legal action for repossession of the items. Typically repossessions occur with motor vehicles, but creditors in Oklahoma have the legal right to repossess any purchased or leased item. It is possible for repossessions to occur at any time.

    Full Answer >
    Filed Under:
  • Q:

    Does federal law override state law?

    A:

    Due to the Supremacy Clause in the United States Constitution, federal law overrides state law in most cases. The Supremacy Clause is closely related to the idea of preemption.

    Full Answer >
    Filed Under:

Explore