Legal Question in Credit and Debt Law in Missouri

Stopping interest on a satisfied judgment

I have a question about a judgment that appears on my credit report and I can't seem to find any information on how to handle it. I am not interested in filing bankruptcy - I'm really just looking for help with one collection issue.

I had some delinquent medical bills after the birth of my daughter. The collection attorney for the hospital got a judgment against me and I've been repaying the debt for the past few years. The amount of the judgment has been satisfied at this time, but the collection attorney is still pursuing the interest. Is there anything I can do to avoid paying the interest and protect myself from further collection since the principal has already been paid?

I am hoping to buy a house in the near future, but because the judgment is on my credit report, I ran into some snags with my lender. Is there any way to have it removed?

Any guidance you could offer on this matter would be greatly appreciated.


Asked on 11/29/06, 12:30 pm

1 Answer from Attorneys
Michael R. Nack Michael R. Nack, Attorney at Law

Re: Stopping interest on a satisfied judgment

Is there some reason why you believe that you do not owe the interest? Usually, when we take a Judgment the Judgment runs with interest at the legal rate of nine percent per annum. If you owe it then the debt is not paid off until the interest is paid. At that time the attorney should file what is called a "Satisfaction of Judgment" and you can insist that this be included on your credit report.

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Answered on 11/29/06, 11:28 pm


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