We just paid a judgment off this past Sept. 22, 2009 been given the run around who was to report it paid and to get proof of payment. Just got proof of payment yesterday. But my problem is that they are not reporting it paid to the credit report companies that is my job they said. Also the courts shred any judgments more then 2yrs old for me to able to get any information from them. I never have even gotten anything in the mail about them taking me to court in my state as long as they post it in the news paper that is enough. Can my receipt they sent me be enough to get this judgment off even though the company that sued me sold to another so their letter head has a different company name then the one I owed but does have the account number. I'm trying to buy my first house and this is the only thing that is keeping from doing that. Help Please
You paid the judgment, but that doesn't mean it'll be removed from your credit reports. Judgments are public record and often very difficult to get removed until they fall off your reports. At the very least, you can submit all the documentation you have to the CRAs to update your file to "paid", but most lenders still really frown upon judgments - whether they are paid or not.
In reality they are very easy to get rid of and get off your credit reports too. [/quote] At the very least, you can submit all the documentation you have to the CRAs to update your file to "paid",[/quote]And that might not do you any good either There you go! That's the bottom line right there. So what to do about it? That's easy too. Once you get them to the table via Rule 26(f) meetings in federal court you first of all insist that they vacate their own judgment as satisfied (by them) and demand a strict confidentiality clause with a heavy cash penalty for violation. Then once the federal case is settled you dispute the listing (if it still exists) and let the credit bureaus come back with either a deletion because they obeyed their non-disclosure agreement or a statement that it has been verified. If it is veryified by the credit bureaus you ask how it was verified. If by any party to the confidentiality agreement violated their agreement then sue them again. If they didn't violate then sue the credit bureau in federal court and get paid twice. Do that for each credit bureau and you could end up getting paid 2, 3, and maybe even 4 times.
1. Some states put the burden on the judgment creditor to place a satisfaction on the public records (often with penalties for failure to timely do so). Others leave it to the debtors' good sense to obtain and record such a document. 2. The original judgment is often recorded on the records of one or more county clerk/recorders' offices on microfilm (or more commonly today an imaging system). The court's own records are frequently not needed if you want a copy of the judgment so that you can describe it accurately and sufficiently in the course of preparing a satisfaction to put on record and close it out. 3. Once recorded, a well-prepared satisfaction (accurately reciting the court case number, style of the case, and Offical Records book and page of the judgment that's on file) will eventually be picked up and shown on the CRA reports, in the case of TransUnion they use their local credit bureaus to do this, in the case of EQ and EX they use Lexis/Nexis's public records service. Mailing anything to the CRAs is optional ... but if you do it must be a certified copy straight from the clerk's office. The federal lawsuit route is pretty farfetched.
