Removing Judgements From Credit Bureaus

Removing Judgements From Credit Bureaus

Judgments - How to Remove it From Your Credit

A judgment, default judgment, and Credit Card judgment all mean the same thing.

A judgment means you have been found legally responsible for a debt. This finding has happened in a court of law.

The creditor has sued you and won their case. This gives the creditor legal grounds to have your wages garnished to pay back the debt.

This is a very bad mark to have on your credit and will cause your Credit Score to be lowered. Often collection agencies will try and win a judgment. Judgments can happen with any form of unsecured debt.

This mark will remain on your credit file for 7 - 10 years. It depends upon what state the case was filled in and what the statutes of limitations are in that state. It is also common for lenders to seek a renewal judgment if the debt has not been repaid at the end of 7 or 10 years.

This makes it very difficult to ever remove a judgment from your credit. However it can be done and with a little luck you may not even have to pay it.

I recommend you first disputing the judgment with the credit bureaus. This is done by writing a dispute letter in which you explain why the listing is wrong and should be removed.

The bureaus will then hold an investigation. They will try and verify the debt and the amount of the debt with the lender or collection agency.

If they can not verify the account is accurate then it must be removed from your Credit Report. It is common for investigations to result in a mark being deleted.

However a judgment is such a severe mark that it doesn't have as good of chances of being removed. This often means you are stuck with the listing.

However in some cases a judgment is not correct. Thus the mark should be removed and you should not be responsible.

This is the time when you should consider A Credit attorney. They have an expert knowledge of credit laws and the ability to go to court if necessary to prove that the judgment is wrong and should be removed from your credit.

You can actually hire a credit attorney at a reasonable rate. Lexington Law has 22 credit attorneys on their staff and they can be hired at under $80 a month for the top of the line service.

About the Author

For more tips on how to remove a remove judgment or to read a review of lexington law or for 3 tips to choose the best Credit Repair service visit us.

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Removing Judgements From Credit Bureaus

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