Defaults vs Judgments: Which Causes More Damage to your Credit File?
Are you wondering why you may have a bad credit rating even after keeping your credit card balances low or staying below your credit cards spending limits?
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Jason had a Court Judgment listing on his credit report to a utility company and he was searching for credit listing removal company to help him out. This happened due to a misunderstanding when he moved from one address to another. Jason was not even aware that money still owed on the old account.
He became aware of this only when he received a letter from the court saying that a Judgment had been awarded. Jason is self employed and he could not afford to have a listing on his credit report. This listing has lowered Jason’s credit score to 534
Clean Credit was able to arrange to have this have re-heard in the court and set aside.
With the Judgment set aside we were able to have the listing removed from Jason’s Veda Advantage and Dun & Bradstreet credit reports.
With this listing removed Jason’s credit score moved from 534 to 922, that’s an increase of 388 points in just four weeks.
This scenario is an example based upon previous customer journeys, but not any specific customer. Image is a model for illustrative purposes.
Are you wondering why you may have a bad credit rating even after keeping your credit card balances low or staying below your credit cards spending limits?
One of the most common questions we are asked is “Can Clean Credit remove my court judgement from my credit file?” The answer to this question can undoubtedly make all the difference to your business
Judgments can stay on your file for a minimum of seven years if you don’t clear credit history. But, it doesn’t mean you cannot re-establish your credit right now to access more low-interest credits.