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The document is a Certificate of Payment/Satisfaction of Judgment used in North Carolina, certifying that a judgment has been fully paid or partially paid by the judgment creditor. It includes sections for the names of the plaintiff and defendant, details of payment, signatures from attorneys or creditors, and verification by a notary.

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What does release and satisfaction of judgement mean?

Unsatisfied Judgment: An unsatisfied judgment means the debt is not settled yet. Youre expected to follow the court order and make payments on the outstanding debt. Until you make your final payment or come to another agreement with the other party, it will remain an unsatisfied judgment.

What does satisfaction of judgement mean?

Pay the judgment creditor in full and have them sign an Acknowledgment of Satisfaction Of Judgment (see below section What To Do After The Judgment Is Paid). Take the Satisfaction to the court where the case was filed. File the Satisfaction with the clerk and request that the warrant be recalled.

Does a satisfied judgment hurt credit?

Basis for Getting a Judgment Removed You paid the debt: Credit agencies will remove the judgment from your credit report if you can show that you did pay your debt on time. If you paid your debt after the judgment was established on your credit report, the agency wont remove the judgment.

How do you satisfy a Judgement?

Satisfied judgments make it easier to get loans. They still hurt your credit score under the FICO formulas used for home loans, car loans, and credit card applications.

What does it mean to satisfy a judgement?

Satisfaction of a judgment, which is governed by URCP 58B, means that the debtor has paid the entire amount of the judgment and all accumulated fees, costs and interest, or that the creditor has decided not to pursue further collection efforts.

satisfaction of judgment sample

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What is a satisfaction Judgement?

Tells the court and others that a judgment has been paid in full or in part. Can be recorded with a county to release a lien against the judgment debtors land or filed with the Secretary of State to release a lien against the debtors personal property.