Quote Originally Posted by Davincinc View Post
refusal of 0 balance letter of judgement filed after 4 missed payment!

Have a client who paid off their last lender two weeks ago. Lender has refused to provide 0 balance letter or remove the judgment. They told the merchant you can only get the 0 balance letter and judgment address if they provide a completed app from them with 3 months bank.

is this legal to do and is this common place now? this would be the second merchant being blackmailed or held hostage to get capital elsewhere.
be carefull they may have a no stack addendum and want to see the banks to see if he truly has a zero balance or they will charge him more