What is a Judgment?
A judgment is an official decision that has been made after the conclusion of a lawsuit. Or in other words, it is essentially the verdict or ending result of a court case that will have an impact on your current financial status. If you have an unresolved debt that has not been paid, chances are that you can have a judgment filed against you with a long and stressfull court case on your hands.
How a Judgment affects your credit score
The short answer is that judgments can devastate your credit score. This time of negative item can remain on your credit reports for up to 7 years.This negative listing also demonstrates to credit lenders a sense of untrustworthiness and irresponsibility which increases your chances of not getting approved for a new line of credit.
Removing a Judgment by yourself
A long and drawn out adventure with credit bureaus, phone calls and letters awaits the consumer who decides to fix their credit. It’s just the nature of the beast, it’s not meant to be simply because processing credit disputes costs lots of time and money for the credit reporting agencies!
All hope is not lost though! You can in fact, remove the items in question all by yourself. The problem is that it can be very time consuming and if you don’t have a grasp of how the consumer protection laws operate then you may have to fill in that gap by educating yourself.
Credit reporting agencies receive thousands of debt validation or dispute notification papers every day. So often times, while panning through these papers, your case against the items your are disputing has to be clear and the items have to meet the criteria of being misleading, innaccurate or unverifiable. If one of those qualifications is met than you have a good shot of getting the item erased.
However, there are more implications in the dispute process that are involved that include the position or angle (reason) justifying your dispute. The reason has to relate to the consumer protections laws in some cases which makes the process more difficult because the bureaus can mark your letter as frivioulous. Which means that they are not going to conduct an investigation for you, in short.
A more convenient way to erase your judgment
Luckily, there is viable alternative option out there. Countless individuals faced with judgments against them threatening their credit reports have turned to employing a paid credit repair service like Lexington Law.
Lexington Law is one of the most renowned credit repair firms in the United States. They have helped millions of people delete negative items like judgments off of their reports and improved their credit scores astronomically. If you would like to speak with a paralegal from Lexington Law today, feel free to fill out the information in the form below and they will follow up you for a free, no obligation credit consultation.