A confession of judgment is a legal document in which a debtor voluntarily admits to owing a debt and agrees to have a judgment entered against them without a trial. Confessions of judgment are typically used in cases where the debtor and creditor have agreed to the terms of the debt, and the debtor is willing to waive their right to a trial and have a judgment entered against them.

Confessions of judgment can be useful for creditors who want to expedite the process of recovering a debt, as they can avoid the time and expense of a trial. However, confessions of judgment can be risky for debtors, as they waive their right to a trial and may not have the opportunity to contest the debt or present a defense.

It’s important to note that confessions of judgment are not allowed in all states, and the use of confessions of judgment may be limited or prohibited in certain circumstances. If you are considering confessing judgment on a debt, it is a good idea to consult with an attorney who can help you understand your options and the potential risks and consequences.