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Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property. The courts cannot control the actions of third parties, but usually, the fact of satisfaction is recorded by the major credit reporting agencies and included in the debtor's credit history.

A Satisfaction of Judgment is a document signed by one party acknowledge receipt of the payment. The Satisfaction of Judgment is then filed with the court. This is beneficial to the paying party for multiple reasons. One, the court is put on notice that the debt has been satisfied.

A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.

Judgments and Credit ScoresEven a satisfied judgment will negatively impact a credit report. However, a paid or satisfied judgment will hurt a credit score less than an unpaid one. Even after a satisfaction and release has been generated, a satisfied judgment remains on a person's credit report for seven years.

This legal document is important because it is not revocable; once it is signed and filed with the court, it cannot be changed. Judgment debtors are usually in a hurry to get this type of release so that the civil action stops adversely affecting their credit.

A court form that the judgment creditor must fill out, sign, and file with the court when the judgment is fully paid. If no liens exist, the back of the Notice of Entry of Judgment can be signed and filed with the court.

A satisfaction of judgment is a legal document signed by a creditor, and notarized, certifying that a debtor has paid the money he owed a creditor in full. A satisfaction of judgment is then filed, usually by the creditor, with the court.

A satisfaction of judgment is a document signed by a judgment creditor and generally filed with the court, indicating that a judgment has been paid in full.

How Do I Collect on a Judgment: The Debt Collection Process in...Locate the debtor's assets (as many as possible)Attach the judgment to the assets by placing a lien on the assets (called a judgment lien)Obtain the assets to satisfy the judgment (the process of liquidation or foreclosure).

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Fairfax Virginia Sample Letter for Authority to Enter Satisfaction of Judgment

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