Judgements on Credit Reports

Having a judgement on your credit report can be devastating. The impact it has on your credit score and your over-all ability to obtain financing is daunting to say the least. A judgement can stay on your credit reports for up to 20 years! How did you get the judgement in the first place?

A judgement is basically a court verified debt. Failure to make payment on a contract led to being sued from a creditor. Once the judge verifies that the debt is owed, he or she places judgment against you for the amount owed plus reasonable fees. The judgement is recorded publicly and also on your credit reports.

Even after you have paid off the court ordered judgement, the mere fact that you had it in the first place will remain on your credit reports. Let's face it; having a judgement on your credit reports is less than ideal. You have a right to dispute the judgement with the credit bureaus, if it is not verified; it will be removed from your credit reports!

Usually the best way to dispute a paid judgement is to dispute something in particular about the way it is reporting such as incorrect date, balance is wrong etc. The credit bureaus must verify by law, that the information they are reporting is 100% accurate. Once the judgement is paid off, it is much easier to have it removed as usually they will not be as easy for the bureaus to validate.

Removing a judgement on credit reports happens all the time. If you feel that this is all too hard or would rather just have a professional handle it for you, I suggest hiring a professional credit repair company such as Lexington Law Firm. Their years of experience with credit law will more than pay for their small monthly fee.