What is a judgment?
A judgment is a decision issued by the court at the end of a lawsuit. If you are sued and either do not file the appropriate papers or file papers but eventually lose the case, the person initiating the lawsuit may be awarded a judgment against you. Or, if you choose not to appear in court on the appointed court date, the creditor may be awarded a default judgment. Either way, you will be responsible to pay the judgment and your credit report will undoubtedly be negatively affected.
A judgment is a decision issued by the court at the end of a lawsuit. If you are sued and either dont file the appropriate papers or file papers but eventually lose the case, the person initiating the lawsuit may be awarded a judgment against you. If you choose not to appear in court on the appointed court date, the creditor may be awarded a default judgment. Either way, you may be responsible to pay the judgment, and your credit report will undoubtedly be negatively affected.
Related Questions
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- What are the chances of actually collecting on a judgment?
