Having a judgement on your credit report could be devastating. The impact it has on your credit scores and your over-all ability to get financing is daunting to say the least. A judgement can stay on your credit report for up to 20 years! How did you get the judgement in the first place?
A judgement is essentially a court confirmed debt. Failure to make a payment on a contract led to being sued by 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 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 reports. Let's face it; having a judgement on your credit reports is not ideal. You have a right to dispute the judgement with the credit bureaus, if it is not confirmed; it will be removed from your credit report!
Usually the best 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 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.
Deleting 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 repair will more than pay for their small monthly fee.
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