Judgement granted agaist me

atmMatrix · #1 Apr 7, 2009, 04:46 PM

Hello,
I went to court today and unfortuantely lost the case. A judgement was granted against me. Ce la vie.

Now onto damage control.

However, i have some questions:

a) Is my credit history messed up because of this judgement?
b) If a) is YES, what is the effect of the judgement being satisfied or will it only help the credit score when the judgement goes away?
c) I am thinking that I negotiate with the lender that if I can pay them early, they help me vacate the judgement (if thats even possible)? Something along the lines that I appeal and they dont show up or just withdraw their claim.Is this option possible ?

FYI, I am a resident of Ontario

kbrb602 · Apr 7, 2009, 05:08 PM

Ontario Canada or California? If USA the judgement will remain on your credit and affect your score for 7 years. It will help if judgement is paid but will still remain on your credit report.

atmMatrix · Apr 7, 2009, 05:20 PM

Quote:

Originally Posted by kbrb602

Ontario Canada or California? If USA the judgement will remain on your credit and affect your score for 7 years. It will help if judgement is paid but will still remain on your credit report.

Ontario, CANADA



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!