topic Re: Removal or Derrog Credit Card Debt-Take Nothing Judgment in Credit Cards

Removal or Derrog Credit Card Debt-Take Nothing Judgment

Anonymous — Tue, 04 Dec 2012 19:24:42 GMT

I am a mortgage broker and have a client that has a charge of with a 30K charge of on his credit report. The client (defendent) went to court with the Plantiff and received a Take Nothing Judgment. Is it possible to get the account removed from his credit report, or at least show a zero balance?

Re: Removal or Derrog Credit Card Debt-Take Nothing Judgment

distantarray — Tue, 04 Dec 2012 19:30:11 GMT

@Anonymous wrote:
I am a mortgage broker and have a client that has a charge of with a 30K charge of on his credit report. The client (defendent) went to court with the Plantiff and received a Take Nothing Judgment. Is it possible to get the account removed from his credit report, or at least show a zero balance?

once it's satisfied yes =)

Re: Removal or Derrog Credit Card Debt-Take Nothing Judgment

Jutz — Tue, 04 Dec 2012 19:44:33 GMT

The judgement is showing a balance? Or the charge off?

Re: Removal or Derrog Credit Card Debt-Take Nothing Judgment

Anonymous — Tue, 04 Dec 2012 20:00:12 GMT

Isn't that what a "Take Nothing Judgment" is? The credit get's zero?

Re: Removal or Derrog Credit Card Debt-Take Nothing Judgment

Jutz — Tue, 04 Dec 2012 20:01:48 GMT

Right, which is why it would be confusing for a balance to show.

You can file to vacate, but I'm not sure where that would lead, since it was basically agreed that yes, the creditor was right, but they won't be receiving anything from it.

Re: Removal or Derrog Credit Card Debt-Take Nothing Judgment

Anonymous — Tue, 04 Dec 2012 20:07:12 GMT

The balance is showing as a charge off

Re: Removal or Derrog Credit Card Debt-Take Nothing Judgment

Jutz — Tue, 04 Dec 2012 20:14:42 GMT

Meaning you're still looking at the OC account, in charge off status, with original balance listed as $30,000, and balance due as $0, correct? Or is it still listed as Balance due of $30,000

I also assume there is a judgement listed on the report as well?

Mods may want to move this to the rebuilding section, it will probably get more relevant attention.

Re: Removal or Derrog Credit Card Debt-Take Nothing Judgment

Anonymous — Tue, 04 Dec 2012 20:24:52 GMT

OC listed with $30,000 balance, plus past due amount of $6089 from EPX & EFX. No judgment reported

Re: Removal or Derrog Credit Card Debt-Take Nothing Judgment

Anonymous — Tue, 04 Dec 2012 20:26:21 GMT

In other words, charge is showing balance and past due amount, obviously nothing done by creditor with take nothing judgment