Can You Settle After a Default Judgment? Yes – But the Terms Are Harder and Here’s Why
You can still negotiate a settlement after a default judgment, but you will pay significantly more. Collectors typically demand 60% to 80% post-judgment, compared to the 20% to 40% they might accept before the lawsuit. Collectors still settle because obtaining a judgment is only half the battle; actually finding your assets and executing wage garnishments … Read more