{"id":4521,"date":"2008-09-06T07:47:03","date_gmt":"2008-09-06T12:47:03","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/09\/06\/judgments-remove-from-credit-report\/"},"modified":"2008-09-06T07:47:03","modified_gmt":"2008-09-06T12:47:03","slug":"judgments-remove-from-credit-report","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=4521","title":{"rendered":"Judgments &#8211; Remove from Credit Report"},"content":{"rendered":"<div style='italic;' class='uawbyline'>by Matt Douglas<\/div>\n<p>If you have a default judgment it means that a lender has sued you in order to recover payment of an outstanding debt.  It is a legal proceeding that gives a lender a large amount of time to collect on the debt.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>Judgments will negatively impact your <a href=\"http:\/\/www.meyouworld.net\/EG\/tag\/Credit_Cards.html\" class=\"kblinker\" target=\"_blank\" title=\"More about Credit &raquo;\">credit<\/a> score. You should be informed that by paying a judgment it will not be removed from your credit history.<\/p>\n<p>When you pay a judgment the listing will change to a satisfied judgment. This is still a negative mark and will hurt your credit score.<\/p>\n<p>In order to delete a judgment you should dispute it. This means you are saying the judgment is inaccurate or invalid.<\/p>\n<p>The judgment must be disputed directly with the credit bureaus. This is done by sending a dispute letter to the credit bureaus.<\/p>\n<p>If the judgment is not verified then it must be removed by the credit bureaus. It has been found that when negative listings are disputed they are often removed.<\/p>\n<p>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.<\/p>\n<p>It will be difficult to get the credit bureaus to actually conduct an investigation into your dispute. This is because it costs the credit bureaus money to conduct investigations.<\/p>\n<p>Thus some individuals have found it beneficial to hire a professional credit repair firm to dispute the listings on their behalf.<\/p>\n<div class='uawresource'>\n<div style='italic;' class='uawabout'>About the Author:<\/div>\n<div class='uawlinks'>To get a free <a href=\"http:\/\/www.youcancreditrepair.com\/index1\">credit repair letter<\/a> to use in disputing negative listings visit us or if you would like to learn more about <a href=\"http:\/\/www.youcancreditrepair.com\/\">credit repair<\/a> and some recommended credit repair services visit us.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you have a default judgment it means that a lender has sued you in order to recover payment of an outstanding debt.  It is a legal proceeding that gives a lender a large amount of time to collect on the debt.<\/p>\n","protected":false},"author":1157,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[86],"class_list":["post-4521","post","type-post","status-publish","format-standard","hentry","category-management","tag-management"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1157"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4521"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4521\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}