Deferred Payments (paid upon maturity of the mezzanine facility or later): ï· PIK interest â payable in kind interest is a periodic form of payment in which the interest payment is not paid in cash but rather by increasing the principal amount through capitalization of the interest payment then due.
A satisfied judgment means that the judgment has been paid. Itâs important the paid judgment is reported on your credit report. If you pay a judgment, the total amount of debt that you owe goes down. Also, a paid judgment reduces the judgmentâs negative impact on your credit score.ile a satisfaction of judgment with the court. Once the judgment is satisfied, either you or your creditor can file a satisfaction of judgment document with the court. Each credit bureau should be notified of the satisfaction of judgment filing. The bureaus should use that information to update your credit report.
This is important for a couple of reasons. First, Nevada law requires that the judgment creditor notify the court that the judgment has been paid. (NRS 17.200.) Second, an unsatisfied judgment has a negative impact on a judgment debtorâs credit report and credit score.