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Judgments & Credit Reports
A judgment occurs when a creditor files a complaint with a court for owed money. Creditors will take action like this when borrowers stop paying a debt or have made lower payments than what is required. A judgment is a court ordered lien, the creditor can prove money is owed and is asking the court to help the creditor recover the debt. Judgments are filed in civil court. The creditor can collect the money owed in a few ways: bank levy’s, deducting social security, saving accounts, welfare benefits, paychecks, etc. A judgment can stay on a credit report for 7 years.
Remove Judgments
If you have a judgment on your credit report, that you paid off but years later it is still hindering you, get in touch with iCreditRepair today. We can dispute items for you and give your credit a fresh start.