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What should I do if a judgment shows on my credit report that has already been settle?
Wiki User
∙ 18y ago
Anytime a consumer has a legal item in the "public records" portion of their credit report, the item must have its' proper disposition. For a judgment this is either a Satisfaction of Judgment or an Order to Vacate Judgment (dismissal). Depending upon your state's laws and rules of civil procedure, you may be able to request the judgment be vacated. If the time limit has expired for you to make that request, your next option would be to show proof to the court that the judgment was paid. Take whatever legal steps are needed to obtain a Satisfaction. The steps will vary from jurisdiction to jurisdiction. You should be able to contact the Clerk of Courts for information on the procedure and fees. Have the disposition recorded at the same courthouse the original action was filed at. Send a copy of the Satisfaction to all credit reporting agencies. A satisfied judgment is still considered a derogatory and will continue to impact your credit. But having the disposition showing will no longer hinder your efforts to borrow, provided your credit passses in all other respects. A vacated judgment should be removed from your credit report completely.
Wiki User
∙ 18y ago
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I have a judgment on my credit report in the amount of 9984.00left over from a foreclosure 5 years ago. I've tried to contact the company to settle but they refuse return any of my calls.?
www.monarchcreditrepair.com or www.judgmentmaster.com
If the judge said you don't have to come back to court if you settle a judgment amongst yourselves and neither party returned to court did they still have the right to put the judgment on your credit?
If the judge told you this information then it should not be on your credit report. You may want to get something in writing from the other party to send to the credit bureau in case it happens to appear on your file. With documentation, you should be able to have it removed quickly.
Are lawsuits filed against you by credit card collection agency public knowledge?
Yes, any public court proceding is public information. Also it can appear as negative items on your credit report as bad. Credit card companies usually will kill your credit by: 1. It gets listed as a judgment - negative account 2. It gets listed as bad debt with the card's name - negative So it can be a double whammy to your credit score. Pay it off and settle the judgment. Send your settled judgment to the credit bureaus so that your credit is update as soon as possible. these items can stay with your credit for 7 years.
If you pay a debit from your credit report can it be deleted from your credit report?
yes, if you are done paying with itAdditional answerBut if you're late making a payment to settle a debt (credit card, for example) this will be recorded as a default.
If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?
No the collection will not be removed from the credit report. They will show it paid in full.
In bankruptcy is a judgment that was entered by a lawyer for a collection agency which resulted in a drivers license suspension a secured claim by the collection agency?
It depends on the judgment. If it is a Motor Vehicle Judgment it is not a secured claim which makes sense since they went after your license and not your assets. Sometimes these Motor Vehicle Judgments show up on your credit report and the only way to get it off is to settle the judgment or file bankruptcy. If it is not a Motor Vehicle Judgment it is most likely a secured claim.
If after ten years the repossed car is still on your credit report do you have to pay the loan back?
i repo in six states and as far as i know it will stay on your credit report until you settle your debt to the lien holder
Is settlement good or bad on credit report?
Debt settlement is good for your credit rating. Just settle the debt and move on. Do not use a debt settlement company, ever.
How will settling credit card debt affect your credit score?
It will raise your score slightly. If you don't settle a delinquent account, the verbage on your credit report may read: "collection account", or "unpaid collection account". However, if you settle, the report may read "settled". By settling with the debt collector, you have made an attempt to fulfill your financial obligation. Therefore, your score will raise slightly.
Requesting Your Free Annual Credit Report?
Getting a copy of your credit report is a great way to make sure your financial health is in order. The Federal Trade Commission mandates that each citizen is entitled to a credit annual report at no cost, once yearly. Requesting your free annual credit report is easy. Simply find a site that offers free credit reports and request your one-time report. This will give you a snapshot of your debts and any actions taken by your creditors. With a free annual credit report, you will be able to clear up any errors or inconsistencies, settle debts and raise your score. Request your credit annual report today.
How long does a broken apartment lease affect you?
Once the delinquent amount goes into collection, this will stay on your credit report for seven years from the date of last activity (meaning the date at which you made your last rent payment). But if they decide to take legal action against you, the judgment can: 1) accrue interest at the rate of 10% per year. 2) stay on your credit report for 10 years, at which time it could be legally renewed and stay on your credit report for another 10 years. If at all possible, you should attempt to settle this debt for less than the full balance by negotiating with the creditor. Depending on the amount, they may or may not decide that it's worth their time and effort to file a lawsuit against you. IF they do, don't ignore the suit. Get a lawyer. They may be able to settle or even successfully fight the judgment. This site has some really helpful information about credit issues: www.creditscorehero.com
How do I report corporate credit card fraud and get our money back?
In order to figure out how to settle corporate credit card fraud, you are going to have to look into the company's policy on such things and go based off of it.
