Last year I had high debt and a couple of lates. No collections. I've paid my debt down quite a bit over the last year. 2 years ago, I was in a car accident and was uninsured. I offered to help fix the guys car even though I felt he was equally at fault. (a scratched hood on a five hundred dollar car) he wanted a ridiculous amount of cash and sued. So I had no choice but to go to court and let a judge sort it out. I lost, but for far less than he demanded. I paid it immediately. That was 6 months ago. I finaly got the paperwork to file the satisfaction, and sent a copy to transunion. My last cr shows the judgement and a score of 480. Will my points go back when when the CRAs show the judgment satisfied? Will I lose some points, even though the judgement has nothing to do with credit, and is satisfied? Is there anything I can do about this? I was planning on house shopping soon Thanks
No the judgement showing paid would have no effect on your score. Sending the satisfaction to tu was a mistake. Now you can never dispute it off as "not mine" you just validated the debt for TU.
I wouldn't discourage the OP from attempting to dispute the J as "not mine". I would discourage it from the same address as the one where the judgment was rendered if that address hasn't been disputed off, and I would also discourage it within the next 60 days. But even though the OP has made a mistake, success can sometimes still occur.
Bummer. but I'm trying to buy the house I'm living in, so disputing it is gonna be a long, long road. Searching the form gives me conflicting info. some say a paid judgment isn't any better than a unpaid.
I had a judgment a couple of years ago. I paid it immediately but didn't know anything about satisifaction until I went for a mortgage. I filed the satisfaction. The CRA were updated quickly. My scores went up about 20 points.
That's reasonable, except in instances where the judgment is near the 7-year reporting deadline to age off and your mortgage company isn't going to pull a "Full Factual" ... in that case, the satisfaction would cause the matter to be reported for another 7 years as a satisfied or paid judgment. In such a case, it might be wise to obtain the satisfaction in recordable form, but hold it back from the recorders' office unless and until someone you are seeking credit from requires that it be put on record (and not just shown to them, copy provided etc.).
It also might make sense to place it in the original court file, but not record it in the official records with an OR book and page ... just in case you lose your certified copy down the line, you can always get a certified, recordable copy from the court file instead of having to go back to the original judgmentholder.
I had no choice but to go to court and let a judge sort it out. I lost, but for far less than he demanded. I paid it immediately. That was 6 months ago. 1*I finaly got the paperwork to file the satisfaction, and sent a copy to transunion. mleichtle ==================== 1*Why did you do that ?You just nailed the judgment to your reports for the full reporting period? F Y I : A paid judgment is no better than an unpaid one . A neg is a Neg is a Neg.
<< some say a paid judgment isn't any better than a unpaid. mleichtle >> ================ A negative is a negative. Paying one doesn't un negativise it.
I was in a car accident and was uninsured. I offered to help fix the guys car even though I felt he was equally at fault. (a scratched hood on a five hundred dollar car) he wanted a ridiculous amount of cash and sued. So I had no choice but to go to court and let a judge sort it out. I lost, but for far less than he demanded. I paid it immediately. That was 6 months ago. mleichtle ===================== This type of a judgment has no business benig reported to the CRAs
