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tony007
Joined: 02 Apr 2009
tony007's page
Posts: 1
35 Magic Points
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Subject: Judgement Help
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Thu Apr 02, 2009 9:11 am
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Hi guys,
I'm wondering if anyone can help me with this...
I have a judgment placed on my credit reports by a CA (credit card debt) and I want to take steps toward paying it, while at the same time having it removed from my credit. I want to know the proper and most successful way of doing this. I don't want to pay this debt and still have it on my credit for 7 years. After reading most of the posts regarding judgments, I am aware that you lose all bargaining power after debt is paid.
Thanks in Advance |
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scott
Joined: 28 Jun 2006
scott's page
Posts: 462
10934 Magic Points
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Fri Apr 03, 2009 12:58 pm
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You cannot get the judgment removed from your credit report even it you pay off the debt because judgment is a public record which will stay in your report for seven years and damage your credit score. However, if you do not pay off the judgment amount, the creditor can either garnish your bank account or your wage to recover the money. So I think that you should pay it off as soon as possible.
_________________
SCOTT
Use your credit account responsibly and enjoy a debt free life. |
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Mary
Joined: 06 Jul 2006
Mary's page
Posts: 730
17413 Magic Points
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Fri Apr 03, 2009 1:34 pm
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If you want to pay off the debt, you should contact your creditor or the collection agency who has brought judgment against you and pay it off through a repayment plan. Once you pay off the debt in full, it will automatically be listed as "satisfied" judgment in your credit report.
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Where there's a will, there's a way !! |
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elsa
Guest
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Subject: judgment help
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Wed Nov 04, 2009 8:59 pm
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| i need help clearing my judgment againts me |
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debranewell2008
Joined: 10 Oct 2009
debranewell2008's page
Posts: 421
7253 Magic Points
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Thu Nov 05, 2009 12:20 am
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| Just like scott you cannot remove a judgment from your report it stays for 7 years. But if you do not pay it they will garnish your wages to recover the money. So you need to call and set up a payment plan with them to prevent that from happening. |
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carol
Joined: 27 Jun 2006
carol's page
Posts: 1308
28489 Magic Points
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Thu Nov 05, 2009 6:57 am
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Hi elsa
What kind of help are you looking for? If you can elaborate for us may be we could try and help you.
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Keep in touch
Carol |
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