Agreed Judgements and Credit Score
Date: Sat, 01/16/2010 - 09:20
After I am finished making the payments, do I have any course of action to get the judgement vacated or at least removed from my credit report? If I cannot, does the presence of that judgement basically impact my credit score as badly as a bankruptcy would?
No, you cannot get it removed. An "Agreed Judgment" is still a j
No, you cannot get it removed. An "Agreed Judgment" is still a judgment and will remain on the "public records" section of your credit report for 10 years. No one can tell you for sure the effect it will have on your score because Fair Issac keeps very close tabs on the tabulation process of FICO scores but it is a negative mark against you in terms of future lenders.
I would give it a few months and dispute the entry on any credit report which reflects the judgment. In order for a CRA to verify a public records entry they must have someone physically go to that courthouse and verify the judgment. It is possible to get it removed, especially if you live in a fairly unpopulated area where the CRA may not have a runnner to go and validate the entry.
Anya Rostov
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I highly suggest you take AnyaR's opinion lightly. She is invol
I highly suggest you take AnyaR's opinion lightly. She is involved with the CCDN & Legal Debt Cure scams.