Hi all, I got sued for a fender bender and lost. Recieved a judgment, now I have a few questions. Does this type of judgment show up on my CR? I plan on paying as soon as possible. Whats the process? Also can the plaintiff pull my CR now that he has a judgment? Is that how they get bank acct info? Thanks in advance for your response.
It all depends upon the state. I sued a guy who hit my car (Florida state) because he had NO insurance and did not even pay me a dime for the damage. After 2 yrs of trying to collect the damage cost I took him to small claims court of which he didn't show up but was served so I got a judgement by default. He still did not pay the judgement. I do not know if it showed up on his credit though. I never put it there but I did hire a collection agency to collect and they placed their collection on his credit report. BUT I found out in the state of Florida for non payment I could get his drivers license and registration suspended so I wrote to tallahassee with the required info (judgement, etc...) and they suspended his driving privileges. Needless to say within 2 weeks of this I got my money + 2 yrs of accumulated interest (900.00) and he had me sign a form to get his license back. I also know here you can garnish wages, attach assets or place liens on property too for non payment. Just be careful cause your state may have a clause that licenses can be suspended for non payment also. It all depends upon your state. As far as getting assets (bank account, cars, homes etc...) the plaintiff has to file a form at the courthouse requiring you to list all assets. Then they can take their money by seizing property or garnishing paychecks or bank accounts. It does depend upon your state laws though.
I have to say that although I don't know you from Adam I am proud of you for going to that lenght to get your money! If more people did that, we'd all be better off. Congrats on your win! FYI-You've made me think about a couple thousand a "friend" of mine owes us. Good job.
I know that Experian does not report judgments over $5000 in California. That leads me to believe that they don't report judgment amounts over the small claims money limits in other states. But that may not be the case for the other CRA's. I'm not sure whether a judgment creditor can gain access to your CR in the same way that cc creditor could. I wouldn't be surprised if they could, though. You should, however, expect post-judgment questions about your assets and personal info.
Re: Re: Info on judgment I believe the answer is yes. This, I think is considered permissable purpose by the FCRA because it would be in relation to the collection of debt, hence collection activity. I am not sure exactly what they would be able to find from your CR that would be considered useful other than your place of employment and address, providing they are correct! They can see, if they pull a hard query if you have or had a history of deliquency and whether you have anything in collections now. That may give them an idea on what they are up against. Great place America, eh? I feel like sometimes we are living in the Ukrane.
