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.
No. A judgment of dismissal would be entered.
MOST JUDGMENTS, INCLUDING SMALL CLAIMS, CIVIL AND CHILD SUPPORT, WILL REMAIN ON YOUR CREDIT REPROT FOR 7 YEARS FROM THE FILING DATE.
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 !
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.
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.
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.
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.
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.
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.
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.
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.