This is the decision of the bank. But it is very likely as a judgment is a black mark on your record. It is also likely if you have good credit otherwise and the refinance is to pay off the judgment it will not hurt your chances.
Sure. There are methods of invesitgating individuals which may show all public records, no matter where they are filed. The typical procedure during the loan process, however, is pull a tri-merge credit report showing all three bureaus. The only public records which are typically addressed are those showing on the report.
You can contact a 3rd party company. They will then either purchase the judgment from you, paying you a percentage of the amount owed on the judgment and they then become the owner of the judgment. OR you can contact a collection agency and they will attempt to collect on the judgment and will take a percentage of what they collect, IF they collect anything. Most collection agencies seem to take months upon months before they collect anything and sometimes even tell you "Sorry, we couldn't collect for you." A good way to get an idea of the process is to go to Google, type "judgment buyer" in the search field. You will get alot of companies. Read through the websites carefully and find out their procedures. I just used floridajudgmentbuyer.com and had no problem at all. But, that's just my experience. Good Luck!
Credit scores are calculated based on ALL the information showing in your file at the time the score is requested. There is no way to guess the impact of one small piece of information on the whole without more information. In general: Public records are significant derogatory items and require a legal disposition. For a judgment, the disposition is either a Satisfaction of Judgment or an Order to Vacate Judgment (dismissal). Consumers with any item showing in the public records portion of their credit report take bigger hits for all other activity than a consumer with a clean public records section. This hit is larger even when the legal item is paid and shows a disposition.
A judgment is a court order giving a creditor or someone who is owed money (such as money that was borrowed from a friend) the legal right to collect the debt in accordance with the laws of the state. The term "outstanding" indicates the judgment has not been paid or settled, but is still valid. A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.
Having or showing good judgment.
It is sensible!
It is sensible!
Someone exercising or showing good judgment.
sensible
Sensible. Hope This helps!
wise intelligent judicious
The word 'discretion' is a noun, a word for the quality of having or showing discernment or good judgment; a word for individual choice or judgment, the power of free decision; a word for a thing.
Judicious is a word that means showing good judgment. A good sentence would be, the teenager was judicious while his friends drank beer at the party.
Having or showing sound judgment or reasonable
Naive: Showing a lack of experience, wisdom, or judgment
my friend has given me a good judgment.