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Established Contributor
myhearts07
Posts: 858
Registered: ‎06-26-2007
0

Paying judgments

Should i attempt to pay a judgment that says "satisfied"?  is this going to help my scores?
 
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Paying judgments

Satisfied means paid. :smileyhappy:
Established Contributor
myhearts07
Posts: 858
Registered: ‎06-26-2007
0

Re: Paying judgments

Thanks, Tusc for clearing that up for me.  Does that still affect my fico score?
Established Contributor
FICO_Focused
Posts: 905
Registered: ‎05-09-2007
0

Re: Paying judgments

Yes unfortunately it does affect it... But satisfied is easier to explain to a broker / underwriter than UNPAID
 
Rob
Established Contributor
myhearts07
Posts: 858
Registered: ‎06-26-2007
0

Re: Paying judgments

[ Edited ]
Thanks, Fico_Focused!!!  This judgment is scheduled to drop off my CR's in February 08.  Should I attempt to have the judgment removed because this account was included in my bankruptcy or should I let sleeping dogs lie?
 
Also, will this help my score?  Several accounts are scheduled to dropoff this year and next and late 09, will those deletions help my score as well?  These accounts were part of my BK from 10/01 as well.
 
Thanks for your input.


Message Edited by myhearts07 on 07-05-2007 06:20 PM
Established Contributor
FICO_Focused
Posts: 905
Registered: ‎05-09-2007
0

Re: Paying judgments

Most will / should help... I had a couple of TLs removed from my CRAs that actually hurt my score, but at the end of the day we all want good TLs for the benefit of manual reviews. While some OLD baddies may be helping to keep your score up a little, it's a PITA to explain when speaking with an underwriter...
 
Good Luck and keep fighting the good fight.

Rob
Established Contributor
dog
Posts: 560
Registered: ‎05-03-2007
0

Re: Paying judgments

i say get rid of baddies regardless of any temporary score drops due to loss of age...
Established Contributor
FICO_Focused
Posts: 905
Registered: ‎05-09-2007
0

Re: Paying judgments



dog wrote:
i say get rid of baddies regardless of any temporary score drops due to loss of age...



Absotively Posolutely! :smileywink:
 
Rob
Established Contributor
myhearts07
Posts: 858
Registered: ‎06-26-2007
0

Re: Paying judgments

Thanks, ya'll.. 
 
Eve
Established Contributor
myhearts07
Posts: 858
Registered: ‎06-26-2007
0

Re: Paying judgments

The judgment is now showing dismissed, got an alert from EQ and saw it changed on EX.  What do I do now?

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