Judgments - Remove from Your Credit
A judgment, default judgment, and credit card judgment all mean the same thing.
A judgment means you have been found legally responsible for a debt. This finding has happened in a court of law.
Your creditors' attorneys went to court and filed a lawsuit against you and won. This means that you wages can be garnished to pay this debt.
This is a very bad mark to have on your credit and will cause your credit score to be lowered. Often collection agencies will try and win a judgment. Judgments can happen with any form of unsecured debt.
This mark will stay on your credit for 7 - 10 years dependent upon the state that court was held in, and the statute of limitations in that state. However it is common for creditors to renew judgments.
This can make it impossible to ever get out from under a judgment. However you can have a judgment removed from your credit, sometimes without having to pay the debt.
I would first suggest creating a dispute letter. In this letter you identify the judgment listing and explain the reason it is not accurate and mail it to the credit bureaus.
The bureaus will then hold an investigation. They will try and verify the debt and the amount of the debt with the lender or collection agency.
If they can not verify the account is accurate then it must be removed from your credit report. It is common for investigations to result in a mark being deleted.
However a judgment is such a severe mark that it doesn't have as good of chances of being removed. This often means you are stuck with the listing.
However in some instances a judgment is wrong and inaccurate. Thus it should legally be removed from your credit.
This is when I would suggest a credit repair law firm. They can use their knowledge and expertise and if necessary a court of law to prove that this judgment is not correct and not accurate.
Surprisingly you can hire a professional credit repair law firm for reasonable rates. A leader in the industry Lexington Law can be hired for less than $100/month (premier service).
A judgment means you have been found legally responsible for a debt. This finding has happened in a court of law.
Your creditors' attorneys went to court and filed a lawsuit against you and won. This means that you wages can be garnished to pay this debt.
This is a very bad mark to have on your credit and will cause your credit score to be lowered. Often collection agencies will try and win a judgment. Judgments can happen with any form of unsecured debt.
This mark will stay on your credit for 7 - 10 years dependent upon the state that court was held in, and the statute of limitations in that state. However it is common for creditors to renew judgments.
This can make it impossible to ever get out from under a judgment. However you can have a judgment removed from your credit, sometimes without having to pay the debt.
I would first suggest creating a dispute letter. In this letter you identify the judgment listing and explain the reason it is not accurate and mail it to the credit bureaus.
The bureaus will then hold an investigation. They will try and verify the debt and the amount of the debt with the lender or collection agency.
If they can not verify the account is accurate then it must be removed from your credit report. It is common for investigations to result in a mark being deleted.
However a judgment is such a severe mark that it doesn't have as good of chances of being removed. This often means you are stuck with the listing.
However in some instances a judgment is wrong and inaccurate. Thus it should legally be removed from your credit.
This is when I would suggest a credit repair law firm. They can use their knowledge and expertise and if necessary a court of law to prove that this judgment is not correct and not accurate.
Surprisingly you can hire a professional credit repair law firm for reasonable rates. A leader in the industry Lexington Law can be hired for less than $100/month (premier service).
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To learn more about how to remove judgments or for a free sample dispute letter visit us.
posted by Credit Counseling at
1:35 PM
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