Understanding Your Credit Score

How to Erase Judgements on Credit Reports

Knowing how to erase judgements on credit reports is crucial if you’re trying to build up your score. In fact, this is the least of a person’s concern since a credit judgement not only affects the credit rating but can also prevent individuals from obtaining a house, borrowing funds or even keeping their job, depending on its nature. Prior to discussing how to remove judgements however, it’s best to first find out exactly what it is.

What are Judgements?

Judgements are so powerful because they’re a matter of public record. They often occur when a creditor files a case in court against the borrower – demanding that they pay the money owed to them. If the creditor wins the case, this is considered a judgement and will be a matter of public record, allowing anyone access to the information – hence putting the borrower in an awkward position.

Fortunately, it’s possible to learn how to erase judgements on credit reports. Following are the different steps on how to make this happen:

  • Understanding Your Credit ScoreOrder a copy of the credit report from one of the bureaus or all three of them. This should help the borrower cover all bases when having the problem erased.
  • Find out the rules and regulations for filing a dispute within the area. Different States often have different methods on the procedure. More often than not however, judgements can be contested through the internet.
  • Check the judgements and create a dispute to challenge the correctness of the entry. Gather evidence supporting the idea and send them over to the credit bureau that has the erroneous information. Make sure to print a copy of the credit report, the dispute and all other transactions and documents associated with the task. These will serve as backup copies that might be needed in the future.
  • Inform the original plaintiff of the motion to have the judgement removed. The court should also receive dispute papers that they will review and verify.
  • Both the credit bureau and the court will check the validity of the judgement report. More often than not however, it is the court that will send over information regarding the validity of the dispute. If the court agrees with the borrower, the paperwork will be sent over verifying the motion. This usually takes 30 days after sending the dispute.
  • Send the paperwork over to the credit bureau that has the dispute in their credit history. This will be sufficient evidence for them to remove it.

The above steps are for individuals who have been unjustly given judgements on their credit. If the individual did get judgement however, it becomes an entirely new story altogether. Borrowers simply need to wait out seven years to have the information deleted from their history. This is because credit reports only show up to seven years of a person’s financial history. Should this not be done after the allotted time, individuals again have the chance to issue a dispute to have it removed.

The steps on how to erase judgements on credit reports is fairly easy but can take some time. Once the judgment has been successfully removed, the borrower must start repairing their credit score to make themselves better lending risks again.