Will the Creditor Release My Judgment?

 In Credit Builder, Credit Card Debt Relief

If you have a judgment on your credit report, you might wonder if you can call the creditor and pay the debt to have it released. It seems simple enough, but the situation is more complicated than you think. It would be better for you to contact a reliable credit recovery firm than to try to handle the problem on your own. Here’s why.

There May Be Other Variables

Judgments involve court hearings that you failed to attend for one reason or another. As a result, you might owe court costs and other fees that haven’t been noted on your profile. Alternatively, the creditor might be willing to settle the debt for a lesser amount if you have the right person to negotiate for you.

Paying Your Debt May Not Clear It

You may be subject to receiving a false promise if you try to settle the debt yourself. Your case may have changed hands several times. If you talk to the wrong person, you might end up paying the debt and still having it appear on your credit report. It’s best to have a professional handle it so that you don’t have to worry about that.

You Might Be Able to Get out of It

You may be able to excuse yourself from the entire debt if a certain amount of time has passed. Technically, the debt is supposed to drop from your record after seven years from the original date. Sometimes, creditors try to extend the statute of limitations by selling the accounts or using other shady methods. A professional credit recovery firm can ensure that the credit bureau drops the debt from your record if the appropriate time has passed.

Contact Us for a Consultation

The Credit Care Company has been helping debtors to restore their credit for over 13 years. Our staff is full of compassionate and experienced credit specialists who know every inch of debt and credit law. Contact us today and let us help you resolve your judgment in a way that is most beneficial to you.

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