I settled with a credit card law firm and they are going to enter into a stipulation for entry of judgment. I received it and the first paragraph says that it is stipulated that they will get judgment against me for $X.XX. Then the next paragraph says, it is "stayed" provided I pay what I owe.
So, I guess my question is, does the 2nd paragraph (stay provided I pay) prevent the 1st paragraph (judgment) from going into effect if I make the payments?
Also, does it go on my credit report?