judgement was filed and granted out of my state.this was 4 years ago.i have never heard from collector or told about the judgement till i applied for loan from realator.he told me. should i contact collector or let sleeping dogs lie?
2007-08-28 11:22:13 · 8 answers · asked by rudy12 2 in Business & Finance ➔ Credit
If a judgment was granted in another state other then the state you have residence in, they will have to domesticate the judgment to your state in order to collect (garnish, liens, etc.)
If you were never served a summons, you should contact the court clerk in the county/city/state where the judgment was filed and request a complete copy of the case file - "including the service papers !! " (getting a copy of the service papers would be extremely important since it's very possible that you were sewer served)
Then take a copy of the file to an attorney and ask about having the judgment vacated for improper service.
If you were sewer served and can get the judgment vacated, it will have to be removed from your credit reports.
2007-08-28 15:04:13 · answer #1 · answered by echo 7 · 0⤊ 0⤋
You have to contact the collector--just letting it go will mean that you can't get the loan.
You can ask the bank/loan agency what they suggest, but chances are you'll be best taking care of it NOW instead of waiting much longer.
2007-08-28 18:27:25 · answer #2 · answered by FaZizzle 7 · 0⤊ 0⤋
DO NOT contact the creditor unless you want them garnishing your wages or seizing your bank account next week. If the judgement is in their favor they have every right to come after you... if it's in another state maybe they haven't located you if you moved around / changed jobs.
Now if you have to pay the judgment to get a loan then do what you have to do... just be prepared to pay in full because they won't negotiate at this point. 25% of your pretax paycheck will go them if they try to garnish.
2007-08-28 23:45:24 · answer #3 · answered by Richard S. 3 · 0⤊ 0⤋
You need to contact an attorney, get copies of ALL your credit reports (you are entitled to one free copy of each per year) and go over them with a fine tooth comb and contact the collection agency to get as much information about this judgment as possible. There are statute of limitations maybe you have reached them.
2007-08-28 18:29:57 · answer #4 · answered by lovebeads1 2 · 0⤊ 0⤋
Depends.
If you want this loan and can afford to pay the judgment, by all means get in touch with them and make arrangements to pay it.
If on the other hand you don't, wait it out. Judgments stay on your credit for 7-years or whenever the statute of limitations runs out whichever is longer.
2007-08-28 18:33:58 · answer #5 · answered by ? 7 · 0⤊ 0⤋
Request your free credit reports thru annualcreditreport.com or call Trans Union toll free @ 1-877-322-8228 for all 3 reporting agencies. After you review them, you can dispute any derogatory information on the reports.I believe they have 30 or 60 days to reply or it comes off.
2007-08-28 23:30:40 · answer #6 · answered by Anonymous · 0⤊ 0⤋
i am not sure with the judgement , but i had a collection agency on my back for 8000 dollars for one month of cingular wirelss conection ( funny isn't it?) i just wrote to my credit company explained the situation and they took it of my credit report NEVER QUESTIONED ANOTHER THING
so try your credit company first
2007-08-28 18:35:48 · answer #7 · answered by questioning34242 1 · 0⤊ 0⤋
you can get your credit report online 1 time for free, and while you are doing that, you can dispute anything. To my knowledge, the creditor has to remove that from your credit until properly investigated...IF they feel it is worth it at this time
2007-08-28 18:31:12 · answer #8 · answered by Jason M 1 · 0⤊ 0⤋