Legal Question in Credit and Debt Law in New Jersey

Re: judgment

If this is a New Jersey judgment, it would still be valid after seven years. Interest would accrue but not penalties. If you want to do this on your own, you should contact the attorney who obtained the judgment, get a payoff amount and then arrange for payment. Keep in mind that this advice is based purely on the little bit of information that you have given to me. There may be other factors that would change my opinion. Further, no one can rely on advice from an attorney who has not been retained. Since you have not retained an attorney in this case, before you take any further action, you should contact an attorney (either me or someone else) to discuss your matter in more detail. Only then will you be able to rely on the advice. I will be happy to assist you. However, you need to call me at 856-546-8010. If you mention LawGuru, there will be no charge for your first consultation. Good luck! Rob Gleaner

Re: judgment

First of all, in Pennsylvania, a judgment obtained in a Pennsylvania court must be revived after five years or it is discharged. You must first find out if the creditor filed a writ of revival. Check with the prothonotary (clerk of courts) of the court in which the judgment was obtained. If the judgment is still good, then the judgment will accrue interest in the amount of six per cent per year from the date of the entry of the judgment. You should check with the prothonotary as to the amount of interest and costs in addition to the judgment you will have to pay. Also, once it is paid, the creditor must give you a praecipe to satisfy the judgment.