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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?
@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 =)
The judgement is showing a balance? Or the charge off?
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Isn't that what a "Take Nothing Judgment" is? The credit get's zero?
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.
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The balance is showing as a charge off
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.
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OC listed with $30,000 balance, plus past due amount of $6089 from EPX & EFX. No judgment reported
In other words, charge is showing balance and past due amount, obviously nothing done by creditor with take nothing judgment