Yes, getting a judgment removed from your credit report is possible if you take proper measures–unfortunately, many people assume credit bureaus can’t remove civil judgments from their credit reports because they involve the legal system.
The National Consumer Assistance Plan (NCAP) has made it difficult for credit bureaus to add judgments on your credit history, but it’s still possible to see a civil judgment lower your credit score. If so, removing the judgment from your credit report shouldn’t be an enormous problem. Fast credit repair services can get it done quickly and with zero headache.
Regardless of why you see a judgment on your credit report, you should try removing it as soon as possible. Here are some effective strategies that can be helpful:
According to the Fair Credit Reporting Act, you must validate debt from civil judgments, just like with consumer credit. To validate your debt, you must write to the court that made a ruling against you. Request that the court authenticates and proves the judgment is yours and accurate–if the court doesn't respond with valid information, including the filing date, your correct Social Security number, your correct address, and your date of birth, under the Fair Credit Reporting Act, you can dispute your debt as inaccurate and get it removed from your credit report. It should be noted that getting a judgment removed mayincrease your credit score, but if you’re wondering if credit card scores can be manipulated, the answer is not so much about manipulation as it is influence.
Because the National Consumer Assistance Plan now bars this type of private information from appearing on credit reports to begin with, the civil judgment will automatically be removed as it’s considered invalid by default.
If you follow the news, you know that single court judgments are rarely the final word on legal matters. Thus, you can appeal the court judgment and other resulting court orders.
If, for example, the person who sued didn’t follow the correct legal steps, your judgment might be overturned. Or, if your state’s statute of limitations on debt doesn't predate your debt, then your ruling may also be overturned. After this, you may legally get the court judgment removed from your credit report.
If you’re wondering how long a credit dispute takes, with a proper credit repair agency, it can take a matter of days or weeks, as opposed to months if you were to try to do all this yourself.
A simple way to remove a court judgment from your credit history is to pay off your debt if you can afford it, assuming it’s yours and valid, and can’t be removed from your credit report via the validation process. However, only pay off the debt if it’s yours and the lawsuit was handled properly, meaning you may not lodge an appeal successfully. Unfortunately, paying off debts doesn’t always result in credit bureaus removing the court judgment from your credit history.
So, if possible, make your payments contingent upon the creditor removing the debt from your credit history. Have this agreement in writing, and don’t give the collection agency or creditor your credit card number or bank account details. You don’t have to pay the entire debt–instead, you and your creditor can negotiate your balance down. This approach is helpful if the money is going to a collection agency.
A judgment lingering on your credit history is problematic. For example, it may mean you can’t secure a loan or mortgage in your name. Luckily, there are steps you can take to get a civil judgment removed from your credit history. All that paperwork is quite the hassle, and a qualified credit repair company like The Phenix Group can make the process a cinch.
Credit scores are highly influential in the financial decisions we make in our lives–a bad credit score makes it difficult to get a loan, a credit card, insurance, or property.Read More
A person’s credit can significantly affect his or her major financial decisions–having good credit makes it easier to get loans, enjoy lower interests, and work on better terms. But financial challenges can take a toll on one’s credit score.Read More
Most everyone who has ever had bad credit has sought for improvement tips to remedy their situation. Why? A poor credit report caused by erroneously input items poses a lot of damage and places you in a bad light. The current state of your credit historyRead More
Having your credit report examined is about as much fun as having a root canal—every single detail of every financial account you’ve had in the last ten or fifteen years is likely to be there. Many people who apply for loans are turned down due to a poor credit history, which includes things like missed payments or accounts in collections. Some may not be aware that the reason they have a low credit score is that there are inaccuracies on their report.Read More
Although settling a debt clears away the burden of overdue unpaid bills, it can be bad for your credit score. While it brings your account’s balance back to zero, your credit report will show it was settled for less than the total amount owed or agreed upon, which would prompt a negative mark.Read More
We Fix Bad Credit