Legal Question in Credit and Debt Law in Florida

Re: Credit Card Judgement

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There is no "general settlement amount" for an unpaid judgment. I would try to offer about 25% of the total amount and negotiate from there. A lump sum payment will usually get the largest discount because the law collector is assured of the payment and will not have to spend any more time in collection after receipt. If you need to make payments, you should expect to pay a higher amount.

Scott R. Jay, Esq.