Judgments on Your Credit Report
In the legal world, judgments on your credit report reflect a decision that a court issues after a lawsuit. In terms of your credit, this might occur when a collections agency sues you for an unpaid debt. For example, if they are successful in their lawsuit, the judgment allows them to collect by more forceful means.
These include liens on any property you hold or wage garnishment. Typically, a judgment won’t be included in your credit report. Unfortunately, they are still a matter of public record, which makes it more difficult for you to open new accounts or apply for loans in the future.
If the decision appears on your credit report, it’s often quite difficult to handle because they make a hard situation even worse. When you already have financial trouble, it gives collectors access to your money and property.
Luckily, the credit repair specialists at Impeccable Credit Services are ready to help you. With our assistance, we can help you have impeccable credit once again. Schedule an appointment with our specialists to learn more!
How Long Are Judgments on Your Credit Report?
In the past, it was possible to have a judgment on your credit report for several years. However, in the 2017 National Consumer Assistance Plan (NCAP), the main credit bureaus cannot include judgments on credit reports.
However, this doesn’t mean it won’t have an impact on your credit. This is especially true if you need a new loan or credit account.
Your Credit Restoration Options
When a court rules in favor of the debt collection agency, it enters a judgment against you. This allows the agency to collect money immediately. So, it’s crucial that you act fast.
If you need to make your credit impeccable, there are a few options to pursue. Moreover, our credit specialists are available to help you understand your options to fix your credit.
Call 713-378-1500 to speak with our specialists today.
#1 Legal Challenge
Because judgments on your credit report are an official legal ruling, you have the option to take legal action. Whether the lender violated a law or the debt belongs to someone else, you have an opportunity to fight an unfair decision.
#2 Dispute Inaccurate Information
When the information in a decision is inaccurate, false, or incomplete, it’s possible to remove it from your credit report. As a consumer, you have the right to build impeccable credit. When your credit report, reflects false information, you deserve to fight it.
After the decision, the court passes along the information it has to the main credit bureaus. If you see inaccuracies in the information, you have the option to file a dispute and have them remove the judgment from your credit report.
Not sure how to start? Contact our credit repair specialists today at 713-378-1500.
#3 Accept the Judgment
Sometimes, the best route to remove judgments on your credit report is forward. When the information is accurate, it limits your options to fight the judgment.
While this decision is difficult, you always have the possibility to recover from a judgment. With the right guidance, you can work proactively to fix your credit and move forward with your life.
Achieve Impeccable Credit with Our Credit Restoration Specialists
At Impeccable Credit Services, we are a team of Houston credit repair specialists. We work directly with our clients to remove negative information that stands between them and better credit. While other credit restoration agencies follow generic, standard advice from the three main credit bureaus (Equifax, Experian, and TransUnion), we offer a more personalized approach.
With years of experience helping people achieve impeccable credit, we sit with you to give you a better perspective on your credit report, score, habits, and more. Ultimately, our goal is to help you reach your goals. Whether you want better rates on your mortgage or savings on car payments, our team helps you reach the credit score that gets you there.
To speak with our credit restoration specialists, call our team today at 713-378-1500.