Credit Card Judgments - Remove from Credit History

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.

A new tactic that debt collectors have been using is renewing judgments. This gives the debt collectors an additional 20 years to try and collect payment after the first 20 years. This makes it possible for a judgment to follow you for the rest of your life.

A judgment will drastically reduce your credit score. Be aware that paying a judgment will not remove it from your credit report.

When a judgment is paid it changes the listing to satisfied judgment. A satisfied judgment is still a derogatory listing and will still hurt your credit score.

The most effective way or removing judgments is done by disputing the judgment. This means you are challenging the accuracy or validity of the judgment.

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

When you dispute a judgment if it is not verified then it will be removed by the credit bureaus. It has been found that when negative listings are investigated they are often removed regardless of accuracy.

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.

However you will have trouble getting the credit bureaus to investigate the listing. This is because it costs the credit bureaus potential profits to investigate listings.

This is why some people have hired professional credit repair companies to dispute negative listings on their behalf.

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