2006-09-01 19:24:46 · 3 answers · asked by jr5594 2 in Business & Finance ➔ Credit
By the time you have a civil judgment on your credit report, you have little to NO negotiating room as you are trying to negotiate with a state (federal) authority.
Pay the judgment and it will show PAID for seven years on your credit report from the date of payment in accordance with Section 605 (a) of the Fair Credit Reporting Act.
And remember, if you want to play Texas Hold 'Em with the Big Boys you have to know WHEN to fold 'em before it's too late.
2006-09-01 21:55:54 · answer #1 · answered by DaMan 5 · 1⤊ 0⤋
The problem with civil judgements is that they are public records. Once the credit bureau gets them, it's nearly impossible to remove them from your history. They will stay on your record for 7 years, starting on the day of the judgement.
True, you can have it shown as "paid" but it's still a very bad item to have on your history. That's why you need to do something before it gets this far.
2006-09-02 12:49:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Pay the judgement (extortion)
2006-09-01 19:33:04 · answer #3 · answered by Robert F 7 · 0⤊ 0⤋