Wade, NC asked in Consumer Law and Business Law for North Carolina

Q: Are there any rights a consumer or business owner has if you've signed a confession of judgment

Can the confession of judgment be given more time if you don't have all the money for a lump sum settlement with a creditor? I don't want it on my public record or credit but additional time is needed. Will the court contact me before a confession of judgment is submitted or do I ask them for merely just more time to pay what is owed.

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1 Lawyer Answer

A: If you aren't in compliance with the agreement you made with the creditor then the creditor can file the confession of judgment.They and the clerk are not required to give you any notice, unless you have a written payment agreement which requires the notice. You'll need to contact the creditor to ask for more time to pay.

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