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If you pay off a judgment against you within 10 days does it still show on your credit report?
Wiki User
∙ 8y ago
Yes, the judgment will show on your credit report. Any legal action normally reflected on a credit report (judgments, tax liens, foreclosures and bankruptcies) is granted by a judge. Being a legal action, it must have a disposition. In the case of a judgment, the disposition is called a "satisfaction of judgment". Take proof of your payment to the courthouse and inquire what procedures are needed to obtain a satisfaction. Be sure that you have the disposition recorded. This is usually a small fee and is well worth the money. I also suggest you follow up with all three credit bureaus. Get a copy of your raw credit data from all bureaus. If they list your judgment, send a copy of the satisfaction.
Wiki User
∙ 8y ago
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What is an open account listed on a credit report?
Open Account - account listed as "open" on your credit report are accounts that are open, includes all accounts that have been reported within the last 90 days.
How long does a collector have to report that a collection account has been closed and or settled?
Typically these types of actions can be seen on your credit within 30-60 days. There are no laws or rules that requires a credit reporter to immediately post "closed" or "settled" to an individuals credit. Most just report data to the credit bureaus once monthly.
How long does it take to show up as an authorized user on credit card on my credit report?
If someone adds you as an authorized user on their credit card account, and they supplied your SSN when adding you, it would probably show up within 30 days. Of course that means that you would have to get a new report each month or sign up for some kind of Alert service.
Should you pay a charge off that is listed on your credit report?
If you legitimately owe the debt, you should pay it, regardless of the statute of limitations or any adverse affect of it being on your credit report. A debt is a debt, and you have a moral obligation to repay it if it is legitimate and you are able to do so. Check and see what you statute of limitations are in your state--you might have 2 yrs or you might have 15 yrs, depending on the state and type of debt. If the statute of limitations has passed, you still owe the debt, but the creditor cannot take any course of action against you (credit reporting, litigation, garnishment, etc.). http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml#2 If you are still withing the SOL, it would be best to pay off the charge off as it could be turned into a judgment, that then will allow for a garnishment of your wages or a lien on property. Lots of things can happen and not all will be pretty. Best to pay and avoid the bad. Good Luck. Only if the charge off would be removed within the next 2 years. If this is the case then it is best to wait and let it fall off on it's own. A charge off will remain on a credit report for 7 years regardless if it is paid or not, if paid it should reflect the action in the entry. The creditor can if they so choose file a lawsuit against the debtor in the circuit court in the county where the debtor resides. If the creditor wins the suit (they always do) a judgment will be entered against the debtor. The judgment can then be executed in accordance with the laws of the debtor's state of residence. The preferred methods for enforcing a judgment are wage garnishment or bank account levy. Other alternatives, liquidation of non exempt property (bonds, stocks, etc.) seizure and sale of non exempt property (vehicle, boat, motorcycle, jewelry, etc.) or lien against real property. Real property not protected by a homestead exemption can be subject to a forced sale.
Cleaning Up Your Triple Credit Report?
Up to 25 percent of American consumers who apply for credit each year are denied due to inaccuracies on their credit report. In some cases, job applicants can be denied a new position if the hiring company does a credit report review prior to hiring and discovers an individual has failed to pay back student loans, for instance. In 2004, nearly 35 percent of American companies were verifying the credit histories of potential employees before hiring, according to the Pew Safe Banking Opportunities Project. So before you apply for any type of credit, or apply for a new job, it's a good idea to obtain and clean up your credit report ahead of time. First, it's important to understand that your credit report is actually a triple credit report – it is a credit report obtained from each of three credit agencies: Equifax Experian TransUnion In the United States, these are known as the 'big three' and each share information. Each is available through a toll-free number and can be found using a simple web search. In the United States, each consumer is allowed a free credit report from each of these agencies at least once a year, or anytime you are denied credit, have been the victim of fraud, or are unemployed. To obtain your credit report, you can contact each of the agencies and give them your identifying information and you'll receive your credit report. You can do this by mail, by telephone, or by using an online form; however, it is important to verify that you are actually on the credit reporting site and that you are browsing securely before typing in your personal identifying information as some shadow sites have been used to steal people's identities. Once you've obtained your credit reports, scrutinize them for any misleading or incorrect information. If you discover mistakes in any of your reports, fill out a request for investigation, which can be found on the website of the credit agency or will usually be sent to you with your credit report. Send with the form a detailed explanation of the error, any supporting documents such as statements, receipts, canceled checks, and the like, and include your signature. If you don't have the supporting documentation, it is within your rights to contact the creditor and ask them to send it.
How do you remove a false charge off date from your credit report if the date was reset from the original?
You can have a credit dispute, if the agency reporting the bad judgment does not get back with the company disputing the judgment within 30 days, it HAS to be removed from your credit report. Example: I filed bankruptcy(?) on a auto repo. and the company did not take it off my credit report, I had my credit card company do a credit dispute, they did not respond within 30 days, and it was removed from my credit report.
How long does it take for a judgment to show up on your credit report after it has been issued by the court?
Usually within 30 business days.
How soon will an eviction show on your credit report?
An eviction may show up on your credit report within 30-60 days of a court judgment being entered against you. However, the exact timing can vary depending on when the eviction is reported to the credit bureaus.
Can you get a paid judgment removed from your report since it was paid off within the deadline time?
You can submit a copy of the satisfaction of judgment to the credit bureaus that this will improve your credit rating somewhat. The best thing to do is to ask the judgment creditor to stipulate to set aside the judgment and dismiss the case. You would need to send a copy of the order setting aside the judgment to the credit bureaus. You can try disputing the entry, but the existence of the judgment is a matter of public record.
How long does it take for an eviction to appear on your credit report?
An eviction can appear on your credit report as soon as it is reported to the credit bureaus by the landlord or property management company. This can typically happen within 30-60 days of the eviction process being completed. Once it is on your credit report, it can remain there for up to seven years.
How do you know if there is a judgment against you?
There is no central location to find all judgments against you. You can find most creditor and major liability judgments on your credit report. You are entitled to one free credit report every year from the 3 largest national credit bureaus, TransUnion, Equifax and Esperian. In most cases, the plaintiff or the court will send you a document indicating the judgment has been entered against you. If you move without leaving a change of address, or you do not change your address with the plaintiff or the court within a year, you will not get any mailed notices. If you know a case has been filed against you, call or go to the clerk's office for that court. Make sure you have the docket number for the case, it will help.
How to cite a report within a report?
Just give a credit to the report you have added to the main one.
How often are you entitled to a free credit report?
You are entitled to a free copy of your credit report once a year. But you may also receive your credit report for free if you were denied credit or employment within the last 2 months.
How can you obtain a copy of your free yearly credit report?
You can obtain your credit report, on line ready for printing, at: www.annualcreditreport.com or call 877-322-8228 and your credit report will be mailed to you within 6 weeks.
How long is a credit report good from the time of mortgage application?
The loan will need to close within 90 days of the issue date of the credit report.
Letter to Request a Credit Report?
Get StartedIf you have been denied credit or if other adverse actions regarding your credit have been taken based on your credit report, you may want to obtain a copy of your credit report and verify the information contained in it.The purpose of the Request for a Credit Report letter is to assist you in obtaining a copy of your credit report, particularly if you have been denied credit, employment or insurance within the last 60 days. The credit report tells how you have managed credit in the past and companies examine your credit report before deciding whether to give you new credit. You can request a copy of your credit report by sending a letter to a credit reporting bureau.When you receive your credit report you should carefully review it. You have the right to respond to a negative entry on your report, to have errors corrected, or to have your response made part of your credit report.
Can a satisfied judgment be taken off of your credit report?
A satisfied judgment can be taken off your credit, if it is inaccurate. If the judgment is yours, it will remain for the full reporting period allowed by law.Here is more advice:I have a satisfied judgment on my credit report. We satisfied this judgment 5 years ago. However, the plaintiff the judgment was awarded to, never bothered to give the court an order to mark the judgment satisfied. And I didn't know at the time that I could do it myself. I went down to the court Friday and gave them a 'request to vacate judgment' form. I have to wait a week to see if they will do it. If they don't, I'm taking the plaintiff in this judgment to court. I'm going to sue him for the amount of the satisfied judgment times the 5 years it's been reported to the credit bureaus. The credit bureaus are worthless and they are no help at all. They don't investigate anything. I found a lot of interesting websites with lots of info on how to fix errors on your credit report. If you want more info, email me and I'll send you a list of the URLs I found.The previous answer was a bit scary. Credit reporting is not the responsibility of the judgment plaintiff, nor the courts, nor the bureaus themselves. If a consumer is sued over financial matters that typically show on a credit report (judgments, tax liens, foreclosures and bankruptcies) those actions need their proper disposition. Obtaining that disposition is not anyone else's responsibility. It is up to the defendant to find out what steps to take to clear their credit. A lawsuit for failing to do so would most likely be unsuccessful.The lawsuit that he is speaking of is true and is valid, when and only after you have requested in writing, from the person who has put the Judgement on you, the filing of a satisfaction of Judgement, if they do not file within 14 day of receiving the written request then you can sue for the amount of the Judgement Plus 50 dollars according to California state law Code of Civil Procedure section 116.850. (116.850. (a) If full payment of the judgment is made to the judgment creditor or to the judgment creditor's assignee of record, then immediately upon receipt of payment, the judgment creditor or assignee shall file with the clerk of the court an acknowledgment of satisfaction of the judgment. (b) Any judgment creditor or assignee of record who, after receiving full payment of the judgment and written demand by the judgment debtor, fails without good cause to execute and file an acknowledgment of satisfaction of the judgment with the clerk of the court in which the judgment is entered within 14 days after receiving the request, is liable to the judgment debtor or the judgment debtor's grantees or heirs for all damages sustained by reason of the failure and, in addition, the sum of fifty dollars ($50).)Regarding the above note: Successfully petitioning for a Motion to Satisfy Judgement does nothing more than show that the judgment was satisfied within the negative entry in your credit report. It will remain in your Credit Report (showing satisfied) for 7 years as allowed by law. Now, if someone knows in DETAIL (please be specific with your answer along with Links if referenced) how to truly remove a satisfied/paid judgment within the 7 years then please let us all know.It should be removed automatically after seven years, but even a judgment that's satisfied can't be removed before then. Your credit history - the good and bad - is reported for a period of seven years.I went through the same situation with a satisfied judgment that wasnt updated by the plaintiff. However, I found the credit bureaus helpful b/c I was able to go online and dispute it through annualcreditreport.com along with other stuff I know I paid. They updated it within a week and I had about 5 accounts updated (even some I know I still owed) I pays to stay on top of your credit, some companies may change names, lenders, go out of business (you never know) So, my advice is to dispute it on your credit report. Anyway, Good Luck with your lawsuit.I agree with the above. I recently disputed a judgment that was satisfied but it wasn't being reported that way and they just deleted it.A satisfied judgment should stay on your credit report for 7 years from the last activity. It can only be removed by the court that placed in on your credit report or by the credit bureau reporting it. You can request to both to verify the account is yours and if they judgment is not verified it can be removed.A satisfied judgment does not have to stay on for 7 years at all. This is a myth. You must understand the law. It states that derogatory entries can stay on your report for 7 years, not mandatory that it will. The key is can stay on!! That part of the FCRA is in place for people who do not check there credit regularly. So it gives a limit to the holder of the debt or plaintiff to pursue resolution to get debt paid!!! To get removed all you have to do is get notice from original plaintiff that through the courts the debt has been paid. They will acknowledge this and get you a statement letter of satisfaction. Take that letter to the court that rendered the Judgement and they will update. The next step is in writing contact the Credit Bureaus and show cause for a dispute! The cause will be that per the original plaintiff the derogatory entry should be moved. They will have to investigate this for you and when they call the original plaintiff they will not respond and the Bureau will remove within 31 days. I have helped people get over 20 judgments removed this way!
