How You Can Remove a Judgment from Your Credit Report
A judgment is also commonly referred to as a default judgment or credit card judgment. This is simply a variation of the same meaning.
You are legally responsible to pay back a debt. This has happened 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 remain on your credit file for 7 - 10 years. It depends upon what state the case was filled in and what the statutes of limitations are in that state. It is also common for lenders to seek a renewal judgment if the debt has not been repaid at the end of 7 or 10 years.
This makes it possible to never be able remove a judgment. However with some savvy credit repair attorneys and a little luck you may be able to remove a judgment without paying it.
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 the debt is not verified or found to be inaccurate then the bureau must remove the mark from your credit report. Often investigations result in a mark being erased.
However judgments are more often verified, this is because the lender has taken steps to ensure repayment. This usually means you will not be able to remove the mark.
However in some circumstances a judgment is simply wrong. The mark should be removed from your credit report.
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.
Credit attorneys do not have to be paid thousands of dollars. You can actually hire them at a reasonable rate. A very popular credit repair service Lexington Law has over 20 attorneys and can be hired for as little as $39 a month. - 16931
You are legally responsible to pay back a debt. This has happened 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 remain on your credit file for 7 - 10 years. It depends upon what state the case was filled in and what the statutes of limitations are in that state. It is also common for lenders to seek a renewal judgment if the debt has not been repaid at the end of 7 or 10 years.
This makes it possible to never be able remove a judgment. However with some savvy credit repair attorneys and a little luck you may be able to remove a judgment without paying it.
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 the debt is not verified or found to be inaccurate then the bureau must remove the mark from your credit report. Often investigations result in a mark being erased.
However judgments are more often verified, this is because the lender has taken steps to ensure repayment. This usually means you will not be able to remove the mark.
However in some circumstances a judgment is simply wrong. The mark should be removed from your credit report.
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.
Credit attorneys do not have to be paid thousands of dollars. You can actually hire them at a reasonable rate. A very popular credit repair service Lexington Law has over 20 attorneys and can be hired for as little as $39 a month. - 16931
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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 Edgar at
09:40
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