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.
A judgment can be satisfied or vacated. The judgment may remain on your credit report for 7 years after the filing date. A credit bureau collects credit information from a variety of sources. Keep in mind that not all creditors (bank, credit card companies) report all credit activity to the credit bureau.