What Are Judgments and How Do They Affect My Credit?
A judgment is a court order resulting from a lawsuit. These are court rulings referring to the repayment of debts. Although they aren’t factored into credit scores, they still appear on your public records, impacting your ability to qualify for new credit or loans. When you owe creditors money and don’t pay it, they can try to recover it by going to court – and sue you.
How Can I Settle My Judgments?
Luckily, anyone can remove court judgments from their credit file following the right processes, giving you a chance to fix your credit. We know that handling legal cases can be stressful, especially for those without previous experience. That’s why here at The Oasis Firm, we dedicate ourselves to help clients settle their judgments with ease.
Many are unaware the judgments can have some inaccuracies on the information, leading to further issues in the court – and more penalties. But whatever your situation may be, here at The Oasis Firm, we have our ways to tackle this problem.
If you pay the entire amount you owe, your judgment will be removed as soon as the credit bureau gets your proof of payment from the provider or court order rescinding it, repairing your credit score. However, if you don’t pay the judgment, the amount you owe the creditor will increase every day since it accumulates interest at the rate of 10% annually.
How We Can Help
We will help you resolve these issues and find the best solution to your situation in no time. Keep your public records and credit score at their best standings by working with us at The Oasis Firm. Let us help you tackle this issue to improve your financial standing over time. We have handled these kinds of accounts previously, and we assure you that we’ll do our best to help you.
We look forward to working with you!
let our years of experience and passion for education empower your financial freedom.