Judgments hurt your credit score. But did you know there are ways to avoid paying them (or remove them)? You can dispute errors on your credit report yourself. An easier way? With help from a credit expert like Credit Glory.
What is a judgment?
If you have lost a lawsuit about an unpaid debt, you likely have a judgment on your credit report. That's because a judgment is the court's final decision against you. Depending on the lawsuit, one of these might show up on your credit report:
- Unsatisfied judgment
- Satisfied judgment
- Vacated judgment
- Re-filed judgments
What a judgment means for your credit score
Judgments seriously hurt your credit score — and stay on your credit report for 7 years! It gets worse. You might even find yourself having your wages garnished or even face a lien on your property. Not good!
Luckily there are steps you can take to avoid paying a judgment — & even get it removed. This helps protect your credit score and limit the effects of the judgment. So what do you do?
How to avoid paying a judgment (& what you can do to remove it)
Avoiding paying a judgment is tricky, but you have options. Here are a few things you can do:
- Attempt to vacate the judgment - If a debt collector made errors filing their lawsuit, you have grounds for vacating the judgment. Vacating a judgment means the debt can't be collected until a new trial starts.
- File a claim of exemption - Having property or wages seized because of debt is scary. Filing a claim of exemption prevents creditors from seizing certain assets (like your home).
- Validate & dispute errors yourself - Inaccurate judgments can show up on your credit report. If a judgment can't be verified, your best option is to dispute it.
- Hire a credit repair professional - Looking for errors & disputing a judgment yourself is tough. Credit repair companies (like Credit Glory) quickly identify & dispute errors for you (boosting your score).
DIY or professional credit repair?
While you can check your credit, look for errors, and dispute them yourself, it takes time (& hard work). Looking for an easier alternative (that's less hassle)? Consider working with a credit repair expert — like Credit Glory. They do the work for you, so you don't have to.
Boost your score with Credit Glory
Disputing negative items on your credit report is hard work! It takes a lot of time, effort, organization, and follow up. The good news? Our team of credit repair professionals is here to simplify everything! Let your dedicated credit repair expert relieve you of the stress, hassle, and time needed to fight your inaccuracies and boost your credit score (FAST!)
Credit Glory is a credit repair company that empowers consumers with the opportunity and knowledge to reach their financial dreams in 2021 and beyond.
Call us at (855) 938-3044 or set up a consultation to get started, today!