Finance Blog


Tips on Getting a Judgment Removed From Your Credit Reports

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Credit reports give an account of your financial records. They show whether you are faithful in fulfilling your financial obligations or not. Such records can have lasting negative effects on your business to the general public.

These judgments have several forms which include vacated or satisfied. In an occasion where you find these judgments in your credit report, the following tips should help you in how to go about them:

Understand the Nature of Your Credit Report

Always make sure that you go through the contents of your report and understand it. This should help you know whether you are dealing with a vacated or a satisfied judgment.  After understanding where your judgment lies, seek professional help. This help is important as it helps in not overwhelming yourself.

Get Help

In such a case, you will need help from well established firms. Such firms may include which will provide you with professional help. These firms take you through each step to make sure that you understand and flow with the concept.  They can also provide you with the options that you can take while clearing these judgments. A good source of help is more rewarding as it will save both your time and resources. Thus, you should take your time before settling for a single firm.

Make Regular Follow-ups

Upon starting your journey to remove judgment from your credit records, keep following the progress of your case. The follow up eases the process of removing your judgment as compared to when you remain still. This can be as a result of keeping your case on hold to cater for others that have a regular follow-up.  Consistency is a sign of seriousness with your case and this prompts the working team to be on their toes. The team will keep your case at par for as long as you keep following.

Visit the Credit Bureau

It is important to ensure that once your credit record is clear. You need to check in with your credit bureau. This will enable you to know whether they have updated your information. The information contained therein should be up-to-date. If you have a zero credit balance, then it should read so as well.  Such records from the bureau are important as they are what the public see about you. They also contain your full information. Your financier may need it to know your creditworthiness. This action happens before releasing any funds for your business.

Convert the Satisfied Judgment to a Vacated one

If your judgment is a satisfied judgment, find an attorney to help you convert it to a vacated one. This conversion is important as your satisfied judgment will remain in the public domain for as long as seven years. The vacated judgment’s treatment is as if there was never an existence of a credit.  Thus, a successful conversion can help you in completely removing your name from credit reports before seven years. However, this may depend on the guiding policies of different bureaus. The vast majority treat this change in the same way.

The complexity of the credit records lies with the individual. You may choose to create a good public image through them or a negative one. You should be careful with them at all times. Where ambiguity occurs, you can always contact for clarification. Be smart, be credit wise.

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