Friday, March 12, 2010

How do you remove a judgement from your credit report when there are records of if?

I'm trying to buy a home, to get the loan the bank asked me to pay off a collection which in my credit report says it's a judgement. I went to the county court and there are no records of any judgements filed against me. The county clerk gave me a letter that states that I have no civil records. What should I do to have this removed from my credit report? Or how do you pay this off if there is no record of it?

How do you remove a judgement from your credit report when there are records of if?
If there is no judgment recorded with the court then there is no judgment to pay.





When you dispute a judgment with the CRA's, the CRA's "never" get their verification from the courts.


They get the verification from a third party, though they will "not" openly admit it..





When you dispute with the CRA's, use a credit report that you "paid" the CRA for.


Do not use the free yearly FACTA report.


When disputing from a paid report, the CRA's have 30 days to finish their investigation (and 5 extra days to mailing the results)


When disputing from the free FACTA report the CRA's have 45 days plus 5 days for mailing.





"Do not" contact the CRA while you have a dispute in process. Doing so, even if your contact has nothing to do with your dispute, the CRA's may claim new information was provided and add an extra 15 days to their investigation time period.





I would not recommend sending a copy of the letter the court clerk gave you in with your first dispute.





You might send a dispute to the CRA's like the following:





Your name, address and SSN





The CRA name %26amp; address





Dear CRA,





There is a judgment listed on my report #xxxxx.





There is no such judgment of record # xxxx from this Court for this date for this amount from this creditor.





I have [certified?] documentation from the Court that supports my dispute of this erroneous entry on my report. [remove the word certified if the letter the court clerk gave you is not certified]





If this entry is verified, please send me the name and address of the provider or furnisher providing this data, and the manner in which it was provided in order that I may pursue additional legal remedies.





Sincerely,


Your name








If the CRA claims it is verified and it remains, file a complaint with the FTC.


Along with your complaint to the FTC you should provide a copy of the CRA dispute, a copy of the results from the CRA and a copy of the letter the court clerk gave you.





If you have more than one CRA that verified, you should file seperate compaints with the FTC (one for each CRA).


You might place the complaints in the same envelope but they should be bundled seperately.


Include a cover letter stating there is more than one complaint included in that envelope





After you file your complaint with the FTC, redispute with the CRA's. Include a copy of your "full" complaint with the FTC. Which includes all of the copies you sent to the FTC.


Though if your complaint covers more than one CRA, do not include the complaint for one CRA in with your second dispute for a different CRA.


(for example, you file complaints to the FTC for TU and EX. When you redispute with TU do not include the complaint info for EX, etc)





The FTC will do nothing on an individual basis. But that does not mean your FTC complaint does not carry weight.


The CRA's do not like complaints filed against them with the FTC.


If enough complaints are filed, the FTC will go after them with the complaints as a whole and not as individual complaints.


If the FTC goes after them, the CRA's could pay far more than they could if individuals file suits on their own.





Hopefully the CRA's will remove it before you have to file an FTC complaint. But if they do verify it, you would stand a good chance of having it removed once the CRA is aware an FTC complaint had been filed.
Reply:Pay nothing!!! Make 5 copies of that precious letter and send 1 to TransUnion, 1 to Experian, and 1 to Equifax. Take one to the loan officer in person. And keep the original and 1 copy in your files....don't have "files"? Then go to WalMart buy a plastic tote a a couple of folders...tada you have files!


And please tell me you checked your credit reports BEFORE you tried to get the loan!!! What if that judgement is listed under another SS# or name...such as Jon Doe versus John Doe? You need to see your credit reports and check for errors in the personal info before applying for credit. Possibly some other Jon Doe has a judgement and you don't. And you should have checked your FICO also!!
Reply:If there is no record of it then you will need to dispute the item with the credit bureau that is reporting it. If it is not verified within 30 days then it will be deleted. You can either send the credit bureau a letter, or do an online dispute.





Equifax: http://www.equifax.com/online-credit-dis...


TransUnion: http://www.transunion.com/corporate/pers...


Experian: http://www.experian.com/disputes2/index....





Also, get a free copy of all three credit reports (1 per year from each) at the following site:





http://www.annualcreditreport.com





Make sure there are no other incorrect items on your report.


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