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.
When the judgment is paid in full, be sure to get a fresh copy of your credit report to determine that it is being reported on your credit report as paid. Nothing will hurt your creditworthiness more than to have a credit report showing that you have a judgment against you that remains unpaid.