A creditor's judgment means a debt collector can take legal steps to recover money. That can mean wage garnishments or even property liens. It also tanks your credit score. Luckily, there are ways to save your credit (& boost your score) after a judgment. The easiest way is disputing & removing errors from your credit report w/help from a pro (like Credit Glory).
What does it mean to have a creditor's judgment against you?
When a creditor takes you to court over debt and wins, the court awards them a creditor's judgment against you. That gives them the legal right to take steps to recover the debt. What does that mean? It means you might find yourself having your wages garnished or even have a lien put on your property. That's not the worst part.
What a judgment means for your credit score
Judgments seriously hurt your credit score — and stay on your credit report for 7 years! Poor credit leaves you with fewer options for loans and lines of credit. The ones you do qualify for often leave you paying more in high-interest rates.
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 save your credit after a judgment
Dealing with a judgment is scary. Luckily, you have options to save your credit and start improving your score. So what can you 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.
Bounce back after 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.