What is a judgement on a credit report?

Answer A judgment is normally entered when a collection agency or a creditor have been unsuccessful in collecting a debt from a borrower. When a judgment is placed on the borrower's credit report, it can ... Read More »

Top Q&A For: What is a judgement on a credit report

What happens to a judgement balance in a real estate short sale in New York state. If there is no equity in the sale will the judgement be released?

In any state, Judgements are usually filed with a court. In order for the Judgement to be released, someone -- preferably the party that filed the Judgement -- must be satisfied before the Judgemen... Read More »

How much does a judgement drop a credit score?

A judgment will lower your credit score anywhere from 50 to 200 points. The total drop in credit score will depend on the type of judgment and amount of the original debt.Source:Judgment and Credit... Read More »

What is a credit report& a FICO credit score?

A credit report is a record of an individual's debts that reflects his creditors and accounts, any public records about him and his identifying information. The credit bureaus use the information o... Read More »

How to Get a Collections Report Off of Your Credit Report File?

A collection report that appears on your credit report file can harm your credit score and borrowing ability. As a collection is typically an indication you failed to pay your bill on time or at al... Read More »