Q:

What does it mean to be paying off a judgment?

A:

Quick Answer

Paying off a judgment means that a party is making partial payments or payments in full toward a judgment against the party. A judgment is a court order in civil cases that requires one party to pay another.

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Full Answer

In cases where the judgment is too large to pay in one payment, the judgment creditor has the option of allowing payments in installments. Once the judgment debtor has paid the judgment in full, the judgment creditor files the appropriate documents to the court stating that the judgment has been satisfied. Judgment debtors should check their credit once they have satisfied the judgment to make sure the judgment is no longer on their credit report.

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