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Judgments - Remove from Credit Report

Aug 20, 2008
A judgment on your credit report means you have been sued for payment of a debt. It is a legal proceeding that will give the creditor extra time to try and collect on the debt.

A judgment gives the debt collector up to 20 years to collect on a debt. This is beyond the 7 year statue of limitations that applies to most debts. Often judgments are granted on unsecured debts.

It is also becoming common for debt collectors to renew judgments. This means after 20 years if they have still been unable to collect the debt, they can renew the judgment and have the authority to collect on the debt for another 20 years.

Judgments will hurt your credit score. You should also know that if you pay a judgment it will not be deleted from your credit report.

If you pay a judgment it only changes the mark to a satisfied judgment. It is still a negative mark and will not help improve your credit score.

In order to delete a judgment you should dispute it. This means you are saying the judgment is inaccurate or invalid.

The judgment must be disputed directly with the credit bureaus. This is done by sending a dispute letter to the credit bureaus.

If the judgment is not verified then it must be removed by the credit bureaus. It has been found that when negative listings are disputed they are often removed.

This is because it costs the debt collectors money to verify the accuracy or validity of a listing. Often debt collectors are unwilling to spend the money to verify a negative listing.

It will be difficult to get the credit bureaus to actually conduct an investigation into your dispute. This is because it costs the credit bureaus money to conduct investigations.

Thus some individuals have found it beneficial to hire a professional credit repair firm to dispute the listings on their behalf.
About the Author
To get a free credit repair letter to use in disputing negative listings visit us or if you would like to learn more about credit repair and some recommended credit repair services visit us.
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