Wednesday, October 21, 2009

What kinds of court judgements can appear on your credit report?

For example, your credit report can show that a credit card company sued you and won their case, but it can't show that you were prosecuted in juvenile court when you were a minor. What other kinds of court cases can and can't be shown on your credit report?

What kinds of court judgements can appear on your credit report?
I can't think of any judgements that can't be put on your credit report. You can however contact the credit bureau and report the judgement as a dispute. If you hire an attorney and are trying to have the judgemment opened by way of show cause, (properly served, many times process servers sign that they served someone, and did not, just throw it away, refererred to as a sewer service) or a good one to hire an attny to open is an old judgement, that had been factored (sold) several times by collection agencies, requesting proof of balace etc. this info usually long missing after several years, and while this action is taking place the credit bureau can be requested to delete the judgement from its files. They will, give every excuse not to, delay, its expensive to hire an attrny. to open a judgement, but it can be done, and deleted, while being contested. If the judgement was even sold and a big co. owns it, it may get lost. This happened to my friends auto repo,,,,,,,,,,he paid got the car back, went delnqunt declared it in a bankruptcy, and though the car fairly new, the debt had been sold, and referee, nor my friend could find out who the debt is owed to.





This became a strange problem several years later when he wanted to sell the car, had no title, and had no idea who owned the debt. He took it off the road, and is waiting to be contactacted by someone eventually, bingo a data entry error?





However most all judgements appear on report unless disputed, or contested. Credit repair companies play this game really good, but it is costly.
Reply:Anything in the public record. For larger credit purchases, like a house, the creditor will not rely on the credit report and do their own public records search and will probably find everything not specifically sealed by court order, like juvenile cases.


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