Remove Judgments from Your Credit Report
A judgment is a decision made by a court of law. It is used by creditors to sue a debtor.
If you get a judgment on your credit history it will cause your score to do down tremendously. This is usually the last step a lender will take to recover payment.
This mark can appear on your credit history for up to 10 years. It will likely prevent you from being approved for any future credit.
A judgment can cause you to pay higher interest rates on your unsecured debt. This is a very derogatory mark to have on your credit.
You can have this mark removed from your credit. The most effective way is to dispute the accuracy or validity of the mark.
To dispute a listing a dispute letter must be sent to each credit bureau. A dispute letter is the consumers’ method of challenging the accuracy or validity of a listing. You can do this yourself or you can hire a credit repair service to do it on your behalf.
The benefit of a professional service is typically they can get the credit bureaus to respond to a dispute letter and conduct an investigation more promptly than an individual can.
The credit bureaus are not likely to respond to the first dispute letter no matter who it comes from. This is because it costs the credit bureaus money to investigate dispute claims.
Therefore common responses to an initial dispute letter are to ask the consumer for more information regarding the dispute. The credit bureaus do this regardless of their need for the information.
On a positive note, once an investigation is conducted listings are typically deleted regardless of their accuracy. This is because lenders are not willing to spend money to validate uncollectable debts. It costs the lenders too much money.
Thus when an investigation is conducted there are very good odds the listing will be removed.
