How will a judgement against me really affect my credit affect my credit?
I do not agree with fukinluckyfuker’s advice. I would have appreciated some source of his info. For starters, simply paying off a judgment (no matter how quickly) will NOT remove the public record. Only the judge can do that, and it’s not likely they will. Therefore, the Credit Reporting Agency will eventually pick up on this record and put it into your file. Disputing it won’t do much good because it’s easy for them to verify. How bad does it hurt? Very. Next to a bankruptcy it’s a severe hit. When a potential lender sees it, they are reluctant because they know a lien can easily be placed on any property you are buying. Now, what I want to know is how they managed to get their judgement. You claim you were making payments prior to the lawsuit…..that constitutes a “volation” of the contract and the judge should not have granted a judgement since you were making payments on the loan (and they were accepting them). It may be difficult to get this overturned without an a lawyer, and it
