If I pay a small claims judgement on the day it was issued, will it show on my credit report?

Question

Or will it show on my credit report as a judgement against me, and it was paid in full? Do you think it will affect my rating, and will future creditors and employers find it to be a negative report?

Answer 1

Yes it will show. It is a public record, and the repositories check for and report on public record information.

No, it will not hurt you.

The credit scoring systems understand that sometimes issues have to be resolved in court. It will recognize that you and/or the opposing side submitted the issue to a judge, the judge made a ruling, and you immediately complied with the ruling. That is responsible behavior and is treated as such when it comes to factoring into your credit score.

Had you not paid the judgement, an unpaid judgement would have hurt your score. Even once it is paid, the fact that you had an unpaid judgement would stay on your report for seven years. From the facts you gave, it appears there was never an unpaid judgement reported against you.

If the issue resulting in the judgement is credit related, the underlying issue may impact your score. But merely being party to a lawsuit does not hurt you.

Answer 2

Yes it will show on your report as a judgement against you and paid in full. I paid a judgement 8 years ago in last December on the day it was issued.

(also depends on what kind of small claims and if the court and/or lawyer/defendent reported it) If it is a debt collector or creditor case, it will be on your report.

The case stays on your report for 7 years, but you can dispute it after 5 and it will most likley be removed.

Your rating will go down in the short term, but after about two years, it will not effect your score too much. When getting a mortgage or car loan, it will impact your interest rate!

Answer 3

This happened to one of my clients. The paid a $100 judgment within a couple of days of the judgment. Her credit rating dropped 100 points even though she paid it. If I have a client who has a small claims recent small claims judgment against them, I tell them about their right to appeal and then the can try to settle while the appeal is pending and before the judgment becomes final. That way, the case can be dismissed without a final judgment.

Answer 4

right this is what you do. You prepare to the courtroom you won your judgment in for an OEX - an Order to look for examination. you will come across this way on the information superhighway. only fill it out, present day it to the clerk of the courtroom, and the clerk of the courtroom will "situation" the OEX. In different words, a decide will sign the order and could set a date for the debtor to look in courtroom. then you provide that OEX to a technique server and have the debtor served with it -- that is like a subpoena. The debtor could look in courtroom and clarify why the judgment hasn't been paid yet. If the debtor does not look in courtroom on the appointed day, a bench warrant will situation for their arrest. Then they'll pay up, have self assurance me.