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Derrick1956
Joined: 01 May 2010
Derrick1956's page
Posts: 17
395 Magic Points
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Subject: Judgements: I really could use some advice right now.
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Tue May 18, 2010 11:24 pm
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I have two judgments that were placed on my credit and I didn't realize they were there until I moved and had already past the time allotted to file for a motion to vacate. Is there any way to get these removed from my credit report. They are the only two things standing in my way, (besides my student loans) of me reaching the goals that I have set. They have been on my credit report since 2007. Can some of you please offer some solutions to this. If you have been through something like this and can offer some advice, I would surely appreciate it. I have called the creditors and one (Credit Union) was rude and told me she was going to remove it even if I paid. The other (BellSouth), I did not even attempt to call because of discouragement from the other. Both are about $500 a piece and are both with a law firm. Sighhhh.....what can I do. I've been working on my credit for 2 years and started out with a 543 and I am currently at a 690.
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The most important thing for a young man is to establish credit - a reputation and character.
John D. Rockefeller |
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Aaron
Joined: 08 Feb 2010
Aaron's page
Posts: 2675
48566 Magic Points
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Subject: judgments
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Wed May 19, 2010 8:13 am
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Hi Derrick,
As you failed to file the motion to vacate the judgments, it is better to pay off the judgments. If you think that it won't be possible for you to pay the judgment amounts, you can try to negotiate a settlement with the collection agencies.
The judgments are going to stay on your credit report for 7 years. The only difference will be that the accounts will get reported as "Paid judgments". However, you can still try to remove the judgment by disputing these with the credit bureaus. Sometimes disputing works.
Hope this helps.
Regards,
Aaron
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cinnamngrl
Joined: 01 Nov 2008
cinnamngrl's page
Posts: 1455
6339 Magic Points
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Derrick1956
Joined: 01 May 2010
Derrick1956's page
Posts: 17
395 Magic Points
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Wed May 19, 2010 9:52 pm
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Hey Cinnamngrl....how are you. Thanks for your response. When you say check out chex systems what were you referring too, if you don't mind me asking. I am open to any suggestions. Also jon12...I was recently went to the "Insurance Answers" and was trying to find something about judgments......could you be more specific. I am all ears guys. Thanks so much for helping me.
_________________
The most important thing for a young man is to establish credit - a reputation and character.
John D. Rockefeller |
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Aaron
Joined: 08 Feb 2010
Aaron's page
Posts: 2675
48566 Magic Points
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Subject: chexsystems
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Fri May 28, 2010 11:26 am
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Hi Derrick,
ChexSystems is a consumer credit reporting agency just like Equifax, Experian and TransUnion. They provide information on the credit report based on how the consumer has handled deposit accounts of a bank, rather than reporting on the credit relationships.
Thanks,
Aaron
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Your Friendly Debt Buyer
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Subject: Advice
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Fri Oct 01, 2010 6:02 pm
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| Call the lawyer not OC. These were likely purchased so the attorney would be able to better help. If not you're back in the same boat. |
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Your Friendly Debt Buyer
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Subject: Advice
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Fri Oct 01, 2010 6:03 pm
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| judgement stay on for 20 FYI. even if the SOL in the state passes |
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