Judgment on report

Discussion in 'Credit Talk' started by rprops, Dec 12, 2008.

  1. rprops

    rprops New Member

    I received a judgment to pay $250.00 for property damage, not credit related, and wanted to know how many points my score will drop, how long will it remain on my report? Does it matter how long I wait to pay it? Thanks
     
  2. jjgross

    jjgross Well-Known Member

    Pay and get it over with it will look better paid then not paid.It is a public record inless you can get it vacated.
     
  3. greg1045

    greg1045 Well-Known Member

    Better not wait too long to pay it. If you do wait the judgment holder might contact a collection agency, and you sure as hell don't want to have to deal with those sleazy scumbags.
    Negative accounts fall off credit reports after 7 years - judgments longer - depending on state laws.
     
  4. HB Johnson

    HB Johnson New Member

    Judgement

    Pay it. It is already going to show on your bureaus. Its much easier to get removed when paid. It is very possible for them to add interest if you wait to long.
     

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