Will I Lose my Home Because of a Judgement or Lien Against Me?
If you are asking whether it is possible to lose personal assets because a creditor is threatening or filed a judgement against you, sadly my answer to you is - Yes - Absolutely.
Once you ignore a debt for so many months your creditor must take the issue to court. You can be sure the result will somehow cost you. The result, like your case, is always unique. Circumstances will, like the outcome, be different for each individual.
Typically, after you've been served with your judgement papers you'll be given thirty days to respond. The judgment papers notify you that you are to appear in court regarding the debt. Use those thirty days to negotiate a resolution with the plaintiff-creditor!
Wage Garnishment and Property Seizure with a Judgement
If you have a judgement against you, depending on the state you live in, your personal assets can be seized, your wages can be garnished, or a lien can be placed on your home or property. Having a lien means you cannot sell or borrow against the property until you have paid the lien.
Possible Consequences of a Judgement
Will a Judgement Ruin my Credit?
All these horrible results listed above are in addition to the devastating effect it will have on your credit score! A judgement can stay on your credit report for an incredibly long 10-12 years. In fact, a judgement is only slightly less harmful than a bankruptcy. In these "credit crunched" days, having a good credit score is more important than ever.
Your creditor just wants to be paid - often for a significantly discounted amount. Alternatively, payment plans give the creditor a way to avoid suing you to get their money.
You Must Act Fast!
In any case, if you allow the courts to rule against you, your options will dry up quickly in the face of a court order. Judgements are always something to be avoided, if at all possible. Sometimes creditors can be flexible to find a suitable plan. However, you must communicate with the creditor to find that solution.
If necessary, hire a good credit repair service and get some expert counsel before it's too late. Dealing with debt problems head-on is always better than avoidance. Get started today, you'll be glad you did!
"I just want to share with you my story about how my credit situation. If you are someone struggling with bad credit, then I was walking in your exact same shoes...
And today - if you look behind me - this is the house that I bought.
So, obviously my credit situation has changed.
Basically, while I was in college I ran up my credit cards and acquired a lot of unmanageable debt which destroyed my credit rating.
About a-year-and-a-half ago when I went to try to buy a house, the banks laughed at me and made me feel bad about what happened in college. (They basically implied that I was a deadbeat SCUMBAG even though it really wasn't all my fault).
I knew that I had to fix my credit, but didn't know how to do it myself so I went to Lexington Law.
Now, literally within several months, I was able to purchase a $300,000 new home without any trouble at all obtaining a mortgage.
So instead of going into banks with bad credit and being looked at as a scumbag, the banks were more than willing to help.
In fact, when I applied for my mortgage and the banker ran my credit, he came back and was saying...
"Wow! Sure thing sir. We'd love to help you out."
Lexington Law literally changed my life.
I went from being the person who has bad credit to being the person who is living in what I consider my dream home at age 29.
I had basically every kind of negative listing shy of a bankruptcy.
Lexington Law has raised my credit score at least 237 points. I just checked my FICO score which is now a 737. When I started with Lexington Law, it was below 500!"
I encourage anyone struggling with bad credit to pick up the phone and give Lexington Law a call.
It was super-encouraging to see my credit score improve each month as the negative items were deleted from my credit reports. I thought some of the bad credit was permanent since creditors misled me into believing that delinquent information would stay on my credit report for the next seven years.
However, through their dispute process and "goodwill interventions," Lexington Law proved it is possible to remove any questionable negative item. (it is the same as pleading 'not guilty' in a court of law).
Additionally, the paralegal assigned to my case showed me other credit rebuilding techniques such as:
Deleting the negative credit items like charge offs and the credit card judgment, combined with the credit rebuilding techniques, rapidly improved my credit score. In fact, in month two my score went up 74 points!
After living with bad credit for so long, it was really encouraging to see that I was making progress in the right direction.
Not only did the attorneys at Lexington Law show me results, they also provided excellent customer service along the way. If you are someone who enjoys that "personal touch", then you may like how Lexington Law assigns a paralegal to your case.
My paralegal (Stephanie) was always available to discuss the status of my case over the phone and email. Even though I didn't expect or ask for it, my attorney would also periodically give me a call to check in.
Here are some strategies Lexington Law used to delete the really stubborn bad credit - such as the credit card judgment:
You can also access you case online anytime you like. (I enjoyed logging in just to see all the deletions!)
If you are struggling with a bad credit score because of negative credit items, then I truly hope that you start repairing your credit today. I know how humiliating bad credit is and I know how easy it is just to 'sweep it under the rug' and pretend it will go away on its own.
I realize that your situation is probably a little different than mine, however, Lexington Law has already deleted questionable charge offs, a credit card judgment, late payments, collection items, and inquiries from my credit report and raised my credit score to a 737!
Here is a shot of my credit score online last month -:
To get started repairing your credit, call Lexington Law today direct at:
1-800-232-2903 (toll-free)
Or, if you want a Lexington Law paralegal to call you, click here.
