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Judgments and credit report

Date: Tue, 03/28/2006 - 06:42

Submitted by anonymous
on Tue, 03/28/2006 - 06:42

Posts: 202330 Credits: [Donate]

Total Replies: 6


I was wondering if Judgments are reported on your credit report. Thank you!


Judgment is listed under the public record section of credit report and it stays there for 7 years from the date of reporting, if your state laws do not elongate its stay.

Judgment hurts your credit. Sometimes consumers find it useful to get it off of credit reporting by negotiating with judgment creditor.


lrhall41

Submitted by stanley on Tue, 03/28/2006 - 09:01

( Posts: 1639 | Credits: )


Yes, if it does not go off automatically, you have to dispute with credit bureaus.

BTW, I was just going through few articles on the net. It was states there a dismissed judgment is better than a paid judgment. So some consumers like to negotiate with creditors to report it as dismissed judgment. Obviously it requires a lump sum money to be paid.


lrhall41

Submitted by stanley on Tue, 03/28/2006 - 10:41

( Posts: 1639 | Credits: )