lost a civil case - some questions on how to proceed

[mizzles]

Hello

Thanks for your help in this forum! Despite having an avg credit score of 800 I recently was denied a cc because of a judgement on my credit report.

I recently lost a civil suit and had this judgement against me which was payed (satisfied) about 3 months ago.

I payed for Equifax monitoring service, and on the website under public records the judgement is showing on all 3 CRAs (though on one of them the docket number differs from the other 2, not sure if this is significant).

The “account status” on all 3 CRAs is showing as “unknown.”

1) My lawyer told me the judgement has been marked as satisified, is it safe to assume I just have to give it more time for the status to update on the CRAs?

2) Is there any value in pursuing further credit reports directly thru each CRA, or is this Equifax report sufficient for any information I will need?

3) Should I concentrate my efforts on getting the account status updated to satisified or on writing letters in an attempt to get the judgement removed all together, or both?

Thanks!

Miz

[Lian]

Getting the status updated to reflect its satisfaction is important, for it will reflect positively in any manual review of your CR.

However, it wont matter in your FICO scoring. FICO does not score the payment of debt. Paid or unpaid is the same. It scores the derog or delinquency that caused the bad debt.

In some jurisdictions, the court will entertain a motion to vacate a judgment based on it being paid, but that is not always the case. It varies. Many courts require some procedural or legal flaw before vacating a judgment. It wont hurt to try, particularly if you can get the support of the prevailing plaintiff/creditor.

[mizzles]

Thanks for the response!

Which of the following steps would you recommend I should proceed with?

1) dispute as "not mine"
2) dispute as innacurate (not correctly marked as satisfied)
3) contact the courts to get the judgement marked as satisfied
4) a combination of the above

Miz

[Hal Jordan]

There is a thread in the beginners section about getting judgement's vacated.. It's a good read and tells you step by step. I think it's part of the bankruptcy getting deleted thread