Dec
20
Keeley asked:
Is it when you are reported to a creditor or is it when they sue you in court?
MAJOR
Is it when you are reported to a creditor or is it when they sue you in court?
MAJOR
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4 Responses to “What is a judgment as far as credit reports go?”
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A creditor reports you to the bureaus if you are more than 30 days past due.
If the creditor wins the judgment in court then they report this to the credit bureaus. The initial lawsuit is an effort to collect before a judgment has been made but after lengthy attempts to collect.
It’s when they sue you.
It’s when they sue!
A judgment is a Public Record, They are only attached if you lose your court case,
Very bad, they are … they can be worse than a BK since if you don’t pay the creditor off, depending on your state,, they can be reaffirmed forever …