I have debt that is very old - 6 to 7 years old. I have paid half off since this time and have half left to pay. If I have a Garnishment in place now and a New Judgement just received, how best, without Bankruptcy, can I fix my credit score?
Pay faithfully and reduce your debt to credit ratio. Or get rich and/or pay off everything and don't worry about your credit score. If an improved credit score is your goal, your credit score could increase faster after a bankruptcy than by dragging out payment on these old accounts and judgments.
I would suggest meeting with a local bankruptcy attorney, who also specializes in debt settlement. This way you can view all of your options, both bankruptcy options and non-bankruptcy options. If the total outstanding debt is a significant amount of money you may want to look at filing a bankruptcy; because without eliminating this debt your credit will not reach its full potential. Bankruptcy would allow you to have a fresh start and then you can focus on rebuilding your credit without the bad debt holding you back (if you qualify to file a Chapter 7 Bankruptcy).
If the total outstanding debt is not a significant amount of money then you could look at other non-bankruptcy options. For example, you could settle your debt for a percentage of the total amount owed. The only concern would be the fact that some of the creditors have already sued you, which results in higher settlement percentages/paying back more of the debt. If there are other debts in which the creditors have not filed suit, you could potentially settle those for a lower percentage of the total amount owed.
As indicated, I believe the best first step is to set-up a consultation (typically the first consultation is for free) with a bankruptcy/debt settlement attorney in your area. I wish you the best of luck with everything!
We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
If you live in Arizona, please contact me for actual advice; this is just speculation. It certainly is not legal advice. I don't have enough information to give actual legal advice. I can only take the limited information presented and provide a idea of what you might do and how it may turn out.