Reporting time of a Judgment on your credit report

Do you know that a judgment can stay on your credit report for seven years? As per the federal and state laws, you can determine the tenure of judgment on your financial statement. Many people do not realize that the negative information does not get cleaned by itself. You have to be retroactive and make sure that your credit report is in good clean condition.



Creditors or the collection agencies report your payment history to the credit bureaus. They will report on your credit report if you miss a payment, or default on a loan, have filed bankruptcy in the past, or if you have a judgment on your credit report.

If you have a judgment showing up on your credit report, then you need to go to the court that entered the judgment against you in person. It can be quite a hectic job. You can find the name of the court on your credit report along with other necessary information. You can ask from the court to provide you a certified copy of the judgment. If they are unable to provide you a copy of the judgment, then they need to write a letter for you saying that no judgment is held against you.

If you get a copy, then you must check the judgment copy very thoroughly for any kind of errors. It is your legal right to dispute all the errors reported on your credit report.

It is recommended that disputes related to your credit report should be sent to the credit bureaus in certified mail with return receipt requested. Write your complete name with your mailing address and provide any document related to your credit report. The credit bureau will contact the information provider to verify your dispute. It may take 30 days to respond to your request. Repairing your credit report is a serious task and you need to have a lot of patience while fixing it. Do not take any short cuts otherwise it will create a big problem for you in the future.

Keep a constant eye on your credit report until the judgment is removed. You are allowed to get a free copy of your financial statement once in a year. By keeping a regular check, you will be able to verify all the information on your credit report and make sure that everything is reported correctly.

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