Judgments - Remove from Your Credit
A judgment, default judgment, and credit card judgment all mean the same thing.
You have been found to be legally responsible for a debt. This will happen in a court of law.
The creditor has sued you and won their case. This gives the creditor legal grounds to have your wages garnished to pay back the 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 makes it very difficult to ever remove a judgment from your credit. However it can be done and with a little luck you may not even have to pay it.
I suggest the first step you take is to dispute the judgment. This is done by writing a dispute letter in which you explain why the judgment is inaccurate and then you mail this letter to each credit bureau.
The bureaus will then conduct an investigation into the listing. They will try to verify that it is real and the amounts are accurate.
If the debt is inaccurate or is not verified then the bureaus must remove it from your credit. Frequently investigations result in a negative listing being removed.
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.
You can actually hire a credit attorney at a reasonable rate. Lexington Law has 22 credit attorneys on their staff and they can be hired at under $80 a month for the top of the line service.
You have been found to be legally responsible for a debt. This will happen in a court of law.
The creditor has sued you and won their case. This gives the creditor legal grounds to have your wages garnished to pay back the 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 makes it very difficult to ever remove a judgment from your credit. However it can be done and with a little luck you may not even have to pay it.
I suggest the first step you take is to dispute the judgment. This is done by writing a dispute letter in which you explain why the judgment is inaccurate and then you mail this letter to each credit bureau.
The bureaus will then conduct an investigation into the listing. They will try to verify that it is real and the amounts are accurate.
If the debt is inaccurate or is not verified then the bureaus must remove it from your credit. Frequently investigations result in a negative listing being removed.
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.
You can actually hire a credit attorney at a reasonable rate. Lexington Law has 22 credit attorneys on their staff and they can be hired at under $80 a month for the top of the line service.
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To learn more about how to remove judgments or for a free credit repair letter or for more information on how you can dispute equifax or dispute experian visit us.
posted by Debt Consolidation Loan at
10:09 PM
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