Question about judgements
Date: Mon, 01/30/2006 - 08:08
A judgment appearing in your CR is like a negative stain that ca
A judgment appearing in your CR is like a negative stain that can trigger a garnishment against your bank account from the credit company that filed for it. No other company can report the same judgment in your file. Judgments can remain in your credit file for 10 years, and can be renewed at similar period of time if the creditor files a form with the court.
If there is a dispute of two companies reporting on it, you can add an explanatory statement to your report, called a Notice of Correction. This statement can be of a maximum length of 200 words and will explain the error. Any company that is looking at your report will see this Notice of correction filled by you.
Quote:and I was told that a person cannot have more than one jud
Quote:
and I was told that a person cannot have more than one judgement against them at a time, |
David, TMB might have meant, more than one judgement at a time, from ANYONE???? Meaning, say if sams club has a judgement on you, then home depot can't?
TMB, I wasn't real clear if you meant on the same account, or altogether different accounts? shirley
If you are talking about judgements from other credits,yes you c
If you are talking about judgements from other credits,yes you can have more than one.They can only take 25 percent of your after taxe wages though,so if the first one is taking the full 25 percent,then the next one will have to wait until the first garnishment ends,and so forth and so on.
Thank you TravisTrittFan and twokidtwocat...that is EXACTLY the
Thank you TravisTrittFan and twokidtwocat...that is EXACTLY the info I was looking for. Thanks so much.
Judements
TMD remeber too, they have to sue you first, and if they do, always show up for the court date, even if you cant afford an attorney, show up, bring your info and tell your side of the sotry. you want to do this so that even if they award a judgement, you may be able to keep from the court awarding attorneys fees and such or be able to have the judge order the plaintiff to accept a payment plan that you can afford.
Also, if the other side doesn't come prepared, and it does happen, you may even avoid having a judgement issued.
Thanks for the info..the thing is (I think I have mentioned befo
Thanks for the info..the thing is (I think I have mentioned before), that I will have enough money in June to pay off all of my debts, but some of these companies just don't want to wait for that. I consolidated some of my debt, but couldn't afford to do it all because the payment would have been way too big.
Check your local county's office and know the latest standing of
Check your local county's office and know the latest standing of the judgment. In any case, as JJ said, your appearance in the court is a must.
You can send a note to the company that you will be able to make the payments in the coming months. Though they will have a written proof of your commitment made to them, but you might avoid some actions that they might intend to take against you.