Forums
OK, I have two judgments that I am in a position to payoff today. One is with a Credit Union and the other is with AT&T. Both of them have been turned over to two different law firms. They both are about $600 dollars each. Should I just call the law firm and pay them over the phone to get it over with or what are the steps that I should take. They are the two major things on my credit report. Also how will this improve my credit score. Please advise as to what steps I should take....
judgment payoff
Hi Derrick,
First of all can I know how many years have passed since the judgments have been entered on your credit report? The judgments will stay on your credit report for 7 years even if you pay off the judgment amount.
As for the payments, it is not safe to arrange the payments over the phone. First talk to the law firms, and get written payment agreements. Request them to update your account as "Paid judgment". Pay them through certified mail, requesting a return receipt (CMRRR). If you send your payments through CMRRR, you will be able to retain proof of your payments.
Thanks,
Aaron
Thanks Aaron.
It was entered on my credit report in 2007 and I have gotten a copy of bought of the from the courts. So should I call them? Is there a way to have it removed after payment? What will help my credit score with the two? I need all the answers you can give me. Thanks!
reply
Hi Derrick,
I am afraid judgment cannot be removed before the 7 years, even if paid. One thing you can do is try disputing it. Sometimes this works out. Paying off judgments doesn't help your credit score much.
Thanks,
Aaron