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How does a small claims judgment affect your credit?

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2005-11-11 00:35:21
2005-11-11 00:35:21

All judgments have a negative effect upon the person's credit rating. A credit score is made up of the person's entire credit history, payment issues, debt-to-income ratio, amount of debt owed and so forth, there is not a set number of points deducted due to a judgment award.

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MOST JUDGMENTS, INCLUDING SMALL CLAIMS, CIVIL AND CHILD SUPPORT, WILL REMAIN ON YOUR CREDIT REPROT FOR 7 YEARS FROM THE FILING DATE.

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IF its from a small claims court,they almost never have the ability to back up the judgment, most likely it will go against your credit rating if its an order to pay up !

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If you have a valid small claims judgment that is wholly or partially unsatisfied, you may assign the judgment to a third party by filing an Assignment of Judgment form with the clerk of the court. Contact the court for a copy of this form.

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It depends on if it was a small claims judgment or a civil judgment. Small claims are good for 6 years from the date of judgment and civils are good for 10 years. The judgments can be renewed before they expire.

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If a tenant does not pay after a small claims judgment, then a garnishment can be placed on their checks. You will need to speak to an attorney for more details and laws your state.

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reporting credit delinquenciesI am a landlord. My tenant is seriously in default of her lease and is in arrears in excess of $5,500. and refuses to pay. How can I report her to the credit agencies?-----------------You will need to take her to court (small claims court) and get a judgment against her. The judgment is a legal action against her and will show up on her credit report.

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A small claims court judgment stays on your record permanently unless it is satisfied, then it will probably still be there but show satisfied. Most people do not look at a judgment if it is over 7 years old.

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Yes. If the losing party asks for reconsideration, the judge can decide to vacate the judgment. Also, if the losing party appeals (provided your state allows for small claims appeals), and is successful, then the judgment would be reversed.

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Yes. Collections alone cannot order you to pay; you must pay voluntarily. With a small claims judgment, the creditor can attach the judgment to your assets.

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that depends on the employer. Judgments show up on credit reports and many employers run credit checks so sometimes it will keep you from getting a job and sometimes it won't.

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Yes, it is possible to get a judgment in Small Claims Court for $168.00.

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It all depends on the laws and court rules of the state where the court is. But usually even a default judgment in a small claims court will count as a judgment lien, although a default judgment usually can be set aside if there were reasonable excuses for the default and if there is a meritorious defense. Some small claims courts require that a transcript of the judgment be sent to a central judgment docketing office, meaning that the judgment is not an automatic statewide lien as a judgment in a regular trial court would be.

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Depends on how long they want to charge late fees. Usually 18 months deliquent, but filing a small claims against you can be immediate. Also they can garnish your wages after there is a judgment. Watch out!

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It is nearly impossible to overturn a default judgment unless you can prove that you were not served properly.

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In most states small claims judgments are monetary only. The judgment holder would need to execute the judgment as a wage garnishment or bank account levy when a debtor does not voluntarily pay or make arrangements to pay the debt. Once the judgment holder has decided how to execute the judgment he or she files for a writ of garnishment in the office of the clerk of small claims court. Court clerks can only impart procedural information. They cannot (will not) give legal advice or comment on a case that has not been adjudicated.

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I've never seen a "standing order" on any consumers credit report. Judgments of all kinds do appear in the public record portion.

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In most states a judgment can be obtained in small claims court for an amount owed of $20 to $5,000. Your answer is yes.

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If one party in an action does not appear at the trial/hearing the court can make a default judgment. This judgment is binding unless overturned at a later date.

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An order is signed by a Judge and is law. Yes the lien holder can present this judgment and force a garnishment.

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Yes. Otherwise the judgment will be in favour of the other party.

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Florida Small Claims Form 7.343 is Fact Information Sheet. It has two versions: (a) For Individuals, (b) For Corporate Entities. In a judgment in small claims court, the judgment creditor is the person to whom money is owed. The judgment debtor is the person who owes the money.At the request of the judgment creditor (or the creditor's attorney), the judge will order the debtor to complete Form 7.343 within a specified time.

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It varies by state, but post judgment remedies generally include garnishments, levies, and attachment to property.


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