Here's the deal. I co-signed on an apartment with my ex, well he got evicted and the apartments filed with a collection agency and filed a judgement against us. I got the judgement deleted off of mine shouldn't the collection agency be gone as well?
2007-10-09 07:17:05 · 3 answers · asked by hello 2 in Business & Finance ➔ Credit
You can try to dispute it with the credit bureau but that may not work. You can add an explanation to your credit file.
Bascially, co-signing means you have to live with the other persons screw up. You're lucky you got the judgment removed.
2007-10-09 07:45:49 · answer #1 · answered by bdancer222 7 · 1⤊ 0⤋
Your judgment was rendered by a court, and it is the law. You cannot get the judgment deleted by the court unless the judgment is satisfied (you pay it), or after many years the statute of limitations runs out and the creditor does not renew the judgment.
A credit report is not a matter of law. It is a reporting mechanism that allows credit managers to determine whether or not to extend credit.
The only way to get the judgment removed is to settle with your judgment CREDITOR. Bypass the collection agency if you can. Unless they have been "assigned the rights" to the judgment, they have no legal authority to enforce it, nor can they remove it even when you pay on it. They'll simply take a cut of the money and pass the rest on to the creditor, who probably still retains the rights to it, if assignment paperwork was not filed with the court-of-origin.
Settle quickly with your creditor so you can move on with your life.
2007-10-10 12:51:26 · answer #2 · answered by DMEdwards 2 · 0⤊ 0⤋
A judgment and a collection are two entirely different things. As long as the collection company can prove that they own your debt and that you owe it, they can report.
2007-10-09 14:21:10 · answer #3 · answered by nkozyra 2 · 1⤊ 0⤋