unfortunatly,because the judement was brought againest you in the first place it will hurt your credit. If the judement was settled you need to ask the court who handled the case how you get it off your credit. Make sure you do this, otherwise the judgment can stay on your credit forever.Good luck
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
A judgment on your credit report conveys the decision of a court concerning a lawsuit. Amounts owed to the creditor are described in the judgment. A lien on a credit report expresses the legal right of one party to keep possession of property belonging to another party.
There's no difference in how the judgment is entered on a credit report. An agreed judgment indicates the debtor(s) appeared in court but did not have a valid defense as to why the debt was not owed, therefore a judgment was entered against him or her. A default judgment indicates the debtor(s) did not appear in court thereby forfeiting the right to defend the suit, resulting in a default judgment being entered in favor of the plaintiff. The execution procedure of either type judgment is also the same.
Yes. They remain as a negative item on your credit report for seven years from the date of the judgment, whether they are paid or not. You do, however, now have the right to ask that your explanation of the item be included in the report. You can provide the credit reporting agency with a paragraph explaining mitigating circumstances, such as that you did in fact pay the judgment in full.
It means that you have that on your credit report for 8 years and that they have the right to collect the judgment from you.
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
A judgment on your credit report conveys the decision of a court concerning a lawsuit. Amounts owed to the creditor are described in the judgment. A lien on a credit report expresses the legal right of one party to keep possession of property belonging to another party.
If the judge told you this information then it should not be on your credit report. You may want to get something in writing from the other party to send to the credit bureau in case it happens to appear on your file. With documentation, you should be able to have it removed quickly.
There's no difference in how the judgment is entered on a credit report. An agreed judgment indicates the debtor(s) appeared in court but did not have a valid defense as to why the debt was not owed, therefore a judgment was entered against him or her. A default judgment indicates the debtor(s) did not appear in court thereby forfeiting the right to defend the suit, resulting in a default judgment being entered in favor of the plaintiff. The execution procedure of either type judgment is also the same.
Yes. They remain as a negative item on your credit report for seven years from the date of the judgment, whether they are paid or not. You do, however, now have the right to ask that your explanation of the item be included in the report. You can provide the credit reporting agency with a paragraph explaining mitigating circumstances, such as that you did in fact pay the judgment in full.
It means that a claim has been filed with a court for judgment and they are going to try to collect legally through a court. A judgment just gives them the right to pursue you or file for garnishment.
Here is the question, was the judgment placed under the bankruptcy? If so, you can dispute the items as part of the bankruptcy. If not, it is a separate entry and has the right to stand on it own.
In very broad terms, the judgment creditor can apply to the court for a writ of sale and have the sheriff sell the property at a public auction. The exact time line will vary by state and will depend on whether or not you are entitled to a deficiency judgment. For example, California has two different time lines. If a deficiency judgment is not available or the creditor waives the right to get a deficiency judgment, then the sheriff gives 120 days notice of levy and 20 days notice of sale. if there is the right to have a deficiency judgment, the sale occurs after 30 days but the owner has a 90-day right of redemption.
The reporting bureaus should have contact information. Contact the bureaus.You can dispute anything you want to on your credit report. It's your federal, civil, consumer right. Whether you will be successful or not is up to you and the credit bureaus.
discernment
The collection agency can freeze your account, and garnish enough to satisfy the FULL amount of judgment, including court costs, attorneys fees AND interest accrued, which averages about 10%. So because the judgment verdict also has attached to it various fees, and accrues interest, the collection agency has the right to garnish the FULL CURRENT VALUE of the judgment. Your court of origin should be able to provide a full accounting of the current value of your judgment.