Yes, there are no consumer laws preventing a creditor from requesting financial information from the applicant.
No, all negative information will remain on a CR for the required amount of time. Generally 7 years for charge-offs, judgments, dismissed BK's, etc. 10 years for discharged bankruptcies.
Yes, judgments can affect employment, particularly if they are related to criminal activity or financial issues, such as bankruptcies. Employers may conduct background checks that reveal these judgments, potentially impacting hiring decisions. Additionally, certain professions may have specific licensing requirements that disqualify individuals with certain types of judgments. Overall, an applicant’s history of judgments can influence perceptions of their reliability and trustworthiness.
Making judgments about information
Most debts remain seven years, bankruptcies 10 years, judgments seven years to an indefinite period of time if they are renewable.
Credit agencies to not "sweep" court records. Courts do not "report" judgments. Individuals, workking a private contractors, search and scan public records. They make money by selling these records to various databases. Those agencies re-sell the information to the bureaus. The credit reporting agencies purchase only public record information that affects financial decisions. These types of records include bankruptcies, tax liens, judgments and foreclosures. If a judgment is recorded in any jurisdiction serviced by the independent contractors, they are likely to scan the new record on their next visit to the courthouse. Individuals may not directly report information to the credit bureaus. Only companies who are contributing clients may provide information.
The definition of judgments, which is a plural of judgment, is an opinion or conclusion. The second definition is the chance to make decisions or come to conclusions based on assumptions and information that is available to hand.
Yes, you can be bonded with judgments, but having a judgment against you may make it more difficult to get bonded. Potential bonding companies may view judgments as a higher risk and may require additional information or collateral before issuing a bond.
Judgments typically take place after all evidence has been presented and parties have made their arguments. The timing can vary depending on the complexity of the case and the court's schedule. It is important to check with the court or your legal representative for specific information on when judgments will occur in your case.
Yes, small claims court judgments are generally considered public information. This means that details of the judgment, such as the involved parties, the amount awarded, and the outcome of the case, can typically be accessed by the public through court records.
There are not specific SOL's that apply to judgments in any US state. Judgments are granted for a specified amount of time usually from 5-20 years, with the majority of judgments being renewable. They become invalid if the judgment creditor fails to renew or the court denies the motion for renewal. Judgments are extremely damaging to a credit rating and continue to accumulate interest until they are paid or settled
A case brief contains everything related to a court case. The case brief includes judgments, evidence, and information on the parties involved.
You can dispute inaccurate information on your credit report. You can start the dispute process by contacting all of the credit bureaus that are reporting the negative information.