One of the most damaging killers in your credit report is receiving a judgment from a creditor who filed a case against you for nonpayment and won. Although a difficult process, it is still likely that you can get a judgment removed from your credit report. And this is one area where you will need to enlist the help of an attorney who is well-versed in credit law even if you can go to court on your own. Admittedly, this is one of the most difficult items to get off your credit report.
The first method to have a judgment removed is to negotiate with your creditor to have the judgment dismissed in exchange for money. A “dismissed judgment” will mean a better credit rating for you than a “paid judgment” since the latter shows that you did owe the debt in the first place. Make sure that all this is done in writing so that you have proof in the event that you see no change in your credit score. If the creditor agrees with this, they will file a form to dismiss the judgment and file it in court. Since this is a public record, it gets reported to the credit bureau and you should be able to see the change in a month or so.
This program is ideal for anyone interested in real and lasting credit improvement.
Another method of removing this derogatory item from your credit report is to have a lawyer file a “Motion and Declaration to Vacate Judgment” and an “Order to Show Cause.” If you have a very good reason to believe that you were sued in error or various technicalities were not followed when the judgment was awarded to your creditor, then this may be the road you need to take for a better credit rating. Your creditor may decide to settle it out of court or you may win this in court and have the judgment removed from your credit report.
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