Judgements
- What is a Judgement and how does it affect your credit?
Judgements:
A judgement could stem from any of the above problems. Essentially, if
a creditor is having trouble getting money from you, they'll try to take
you to court and "force" the money out of you through our tried
and true legal system. This may result in garnishment of your wages. Garnishment
results in a court order in which your employer is required to take out
a certain amount or your paycheck each payroll period and send it to your
creditor.
Solution:
If you have old debts that are getting garnished, there isn't much you
can do. Debt settlement companies usually can't touch judgements because
it takes quite a bit of time and effort. If you do have judgements, then
you should consider trying to negotiate directly with the company for
a lower settlement amount, and saving up some money to make the settlement.
If there is no way you can afford to live with the garnishment, and the
debt is substantial, you may want to consider looking into bankruptcy.
For more information about bankrtupcies, visit BankruptcyAlternativeHelp.com
If you have
Judgements on your credit you'd do well to contact Lexington
Law Firm and have them work on your case. They have very low monthly
fees and a very good record.
Untitled Document
What Causes
Bad Credit:
Inquiries
Late Payments
Charge
Offs
Repossession
Foreclosure
Judgements
Bankruptcy
|
