Remove Judgment From Credit File

Remove Judgment From Credit File

Remove Judgment From Credit File

Sometimes you will find judgments in your file that you are not even aware of. A judgment can be filed against you by anyone who feels you owe them money. If the court decides you are at default, then you must pay the full amount. The court will set up monthly installments if you cannot pay the full amount at one time. The court also can order your wages garnished, or put liens on your bank accounts, real estate, or vehicles.Try to avoid a judgment on your record by solving the matter with whoever is suing you. If you don't have the money to clear up the debt owed, try to work out weekly or monthly payments. A judgment against you, which has been paid, will show on your credit report as a "judgment satisfied." Yet on numerous occasions, a judgment will show "judgment unsatisfied" long after it has been paid.Also, the amount of the judgment is often in error. therefore, you might have a great reason to dispute the judgments on your credit record. Use the same steps in disputing a judgment as you would for disputing any other derogatory item on your credit record. While judgments that are paid are slightly better for your credit report, unpaid judgments offer a greater opportunity for credit repair. When you have a negotiating chip, your money, you are in a position of power to have that item removed from your credit report. Offer to pay the judgment or a part of it, provided that the creditor puts a "DNR" or "Do Not Report" on the case file. This will stop the court from reporting the judgment to the credit bureaus.Another way to remove a judgment is to get the court to "vacate" or void the judgment. State Courts will vacate a judgment in the event of excusable neglect, fraud, mistake or newly discovered material evidence. Depending on your comfort level with minor legal matters you don't even need to hire an attorney.Excusable negligence is the most common way to have a judgment vacated. Excusable neglect occurs when circumstances beyond your control result in a default judgment against you. A surprising number of collections judgments occur without the debtor receiving notice of the lawsuit. Maybe improper service of process a clerical error, delay in the mail or failure to appear by your attorney are all occasions to have the judgment vacated.Mistake is another reason the courts will vacate a judgment. In this case you are looking in the court file for typographical or clerical errors such as the spelling of names, dates, amounts owed or addresses are all issues of mistake.New evidence, the final reason to vacate, is anything relevant the courts didn't have when deciding the case in the first place. This is the least likely way you will get a judgment vacated, because the circumstances have to be unusual. Examples of new evidence are the discovery that the debtor wasn't licensed to do business in the state or legally didn't exist, or a contract wasn't signed by a person with the authority to sign it. In any event after getting your judgment vacated, send the court order to the credit bureaus and request that they delete it from your record.

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