Signing a confession of judgment waives your right to dispute it in court. Having a judgment against you is bad news for your finances (& your credit). Fortunately, if you're dealing w/a judgment, you can remove it if it's inaccurate. You can dispute errors yourself, but it's easier w/help from a pro like Credit Glory.
What is a confession of judgment? (& why you should avoid one)
If you're facing a pending court case over debt, a creditor may try and get you to sign a confession of judgment. While it avoids a lengthy (& costly) court case, you assume responsibility for the debt. It may sound like a simple solution, but you want to avoid signing one.
Taking responsibility for a debt has big consequences. By avoiding a court case, you lose the chance to appeal or vacate the judgment. It also gives creditors the right to take action to collect the debt, including wage garnishment or put a lien on your property. Not only that, it makes disputing it challenging and hurts your credit.
How to avoid a confession of judgment
Judgments are bad news for your credit, and they stay on for 7 years. If you want to avoid a confession of judgment (& protect your credit), here's what you can do.
- Carefully go over contracts before you sign them
- Research potential lenders
- Consult an attorney before signing anything
However, avoiding a confession of judgment doesn't stop a creditor from taking you to court. So what can you do if you are facing a judgment?
What you can do to remove judgments from your credit report (& help your score)
Dealing with a judgment is scary. Luckily, you have options for removing them and protecting your credit. So what can you do?
- Appeal for a vacated judgment - Appealing for a vacated judgment is one option for removing a judgment. If the debt collector failed to follow the law or proper legal procedures, the case could be dismissed. However, the appeals process often takes several months.
- Request validation (& dispute errors yourself) - You have the right to dispute inaccuracies on your credit report. If you request validation for the judgment & found errors, your next step is to dispute them. Yet DIY credit repair can be a headache (& time-consuming).
- Work with a credit repair professional - Looking for errors & disputing a judgment yourself is stressful. Improving your credit with professional help is less of a hassle than DIY. Credit repair experts (like Credit Glory) know what to look for, making the dispute process easier (& faster).
DIY or professional credit repair: What's easier for you?
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.
Bounce back from a judgment with help from 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!
Get Your Negative Items Professionally Removed
In some cases, we recommend speaking with a Credit Repair professional to analyze your credit report. It's so much less stress, hassle, and time to let professionals identify the reasons for your score drop.
If you're looking for a reputable company to increase your credit score, we recommend Credit Glory. Call them on (833) 958-1271 or setup a consultation with them. They also happen to have incredible customer service.
Credit Glory is a credit repair company that helps everyday Americans remove inaccurate, incomplete, unverifiable, unauthorized, or fraudulent negative items from their credit report. Their primary goal is empowering consumers with the opportunity and knowledge to reach their financial dreams in 2020 and beyond.