Having a judgement on your credit reports can be devastating. The impact it has on your credit score and your over-all ability to get 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 initially?
A judgement is basically a court verified debt. Failure to make a payment on a contract led to being sued by a creditor. Once the judge confirms 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 report.
Even after you have paid off the court ordered judgement, the mere fact that you had it in the first place will stay on your credit report. Let's face it; having a judgement on your credit report 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 most effective way to dispute a paid judgement is to dispute something specific 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 completely correct. Once the judgement is paid off, it is much easier to have it deleted as usually they will not be as simple for the bureaus to validate.
Removing a judgement on credit reports occurs all the time. If you feel that this is all too hard or would rather just have a professional deal with it for you, I suggest hiring a professional credit repair agency such as Lexington Law Firm. Their years of experience with credit law will more than pay for their small monthly fee.
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