Judgments and credit report

Yes they are and they will hurt your credit score.

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.

Will it be taken off automatically or do you need to call and asked for it to be removed after time limit?

It usually just drops off automatically after the reporting period. It can be easily removed though, if for some reason it doesn't fall off.

~Mary

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.

That is interesting info Stan, thanks for posting that. As I have never personally dealt with a public record, I don't know much about them. So thanks :)

~Mary