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New Contributor
Posts: 54
Registered: ‎12-31-2009
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Paid off a Judgement, will balance with OC on my CR update?

How do judgements work? I had a judgement from Cap1, I paid them in full recently.. will the balance with Cap1 update on my CR as well or just the judgement entry ?

 

Thanks

Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
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Re: Paid off a Judgement, will balance with OC on my CR update?


leesa88 wrote:

How do judgements work? I had a judgement from Cap1, I paid them in full recently.. will the balance with Cap1 update on my CR as well or just the judgement entry ?

 

Thanks



Was Cap1 the plantiff in the lawsuit/judgement ?   If so then I would expect them to update the original account balance.    

 

Not sure about the judgement, it may take longer for it to reflect being satisfied.    Is there any chance that you can get them to file a motion to vacate the judgement ?  This would allow it to be removed from your credit reports, which should help your FICO score.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
New Contributor
Posts: 54
Registered: ‎12-31-2009
0

Re: Paid off a Judgement, will balance with OC on my CR update?

I guess I should clarify, I paid the Attorney/Collections Agency in full. Yes Cap1 was the plaintiff.

 

I will look into trying a vacate. Thanks for the info.

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