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How is this judgment lien impacting your credit rating scores? How do you clear this judgment from your credit report?
First, a judgment lien is a court order that requires the debtor to repay the specific debt listed in the judgment. This debt might have been a collection on your credit report at some previous time. Because you did not pay this debt, even after it became a collection, then the creditor had an attorney file a judgment lien request in the courts and a judgment against the debtor was granted by the courts. This judgment lien was then reported to the credit bureaus so it will show up in the debtors credit file and will not only impact their credit scores but will prevent that person from getting additional new credit with another creditor.
Unfortunately due to poor bookkeeping by some attorney’s offices and by the credit bureaus themselves, even when you pay this judgment in full it may still appear as unpaid on your credit report. I find that a lot of people are unaware that they have a judgment lien against them until they get a free credit report and start reviewing it.
If you haven’t taken time to view your credit history recently then you need to get a free government credit report and check your credit rating before you ask a creditor to grant you new credit. You don’t want to wait until that time to find out that you have a problem showing up in your credit file. If you do find a judgment on your credit history what do you do about it? By looking at the credit report information you may not even be able to tell who the creditor was and what the initial debt was.
You will see a document id and usually will see something that will help you identify which government court house you will need to go to find out more about the judgment. You may also find the attorney’s name that filed the judgment for the creditor. You will either need to go to, or call, the court house where the judgment lien is recorded and find the attorney’s name if it does not show up on your credit report.
Call the attorney’s office and get the information about the judgment. Ask the attorney if the creditor will settle for less money if you pay it in full. You will pay the amount due to the attorney’s office. When you do, make sure you get a letter from the attorney’s office which not only states the debt is paid but, also clearly states the document id that is associated with the debt on your credit report. You want it to match exactly. FreeCreditReport.Com
Once the judgment is paid, mail a copy of your paid letter to all three credit bureaus along with a letter asking that they clear this debt in your credit file; don’t depend on the attorney’s office to do this for you. Once the judgment is cleared from your credit history you will see your credit scores improve.
Jackie has been publishing online for several years on a variety of subjects and interest. Come visit her latest site at Check Credit Score which offers information about whats a good credit score and why you really should check your credit scores on an annual basis.