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Lawsuit and credit report

Date: Wed, 06/23/2010 - 22:31

Submitted by anonymous
on Wed, 06/23/2010 - 22:31

Posts: 202330 Credits: [Donate]

Total Replies: 1


I found out today that a suit was filed on June 4 by a CC but I have not yet been served. Assuming we settle, will the lawsuit still appear on my credit report. I was told it would not appear unless a judgment was filed against me. These questions may be naive but I will ask them anyway:

What is a judgment? Does it mean that a judge has filed a judgment saying I have to pay?

Do I have to be served before a judgment can be filed against me?

I am really concerned about the lawsuit appearing on my credit report. I have been told that only judgments appear on credit reports, so I am hoping someone on this forum can provide some clarification.

Thank you


Quote:

Do I have to be served before a judgment can be filed against me?
The Fair Debt Collections Practices Act requires that the creditor should serve you with the notice of the judgment. If you are not served, you can file a motion to dismiss the judgment.
Quote:
What is a judgment? Does it mean that a judge has filed a judgment saying I have to pay?
A judge does not file judgment. He issues a judgment. If the creditor wins the judgment, you will have to pay the judgment amount. Only if the judgment is issued, that is if the creditor wins the judgment against you, will it appear on your credit report. If you can settle the debt outside the court, and request the creditor to dismiss the lawsuit, can the judgment be stopped.


lrhall41

Submitted by SC on Wed, 06/23/2010 - 23:36

( Posts: 3937 | Credits: )