How Much Does a Judgment Drop a Credit Score?

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Will an Unlawful Detainer Judgment Affect Your Credit Score?....5

A judgment can have a detrimental affect on a credit score, but the amount it will affect the score can vary. Find out how to prevent a lawsuit judgment with legal advice from a certified family mediator in this free video on laws and the court.

Part of the Video Series: Law & Court
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Video Transcript

You've been to your mailbox and you just received a notice from one of your debtors, perhaps a credit card company or the like, and they're threatening to sue you for an unpaid credit card account. And, you don't know, "Gee, I've already got bad credit, so they get a judgment against me. What's the big deal?" Hello, I'm Robert Todd and I'm here to answer the question, how much will a judgment affect your credit card score. Well, the key here, is that's just it. A judgment is going to have a detrimental effect on your credit card score; there's no way to determine how much one piece of information is going to affect your credit card score, but it is going to have an impact. So, the better course of action, before they even bring suit against you, is to contact the debtor, the credit card agency, whomever, whoever's representing them, and find out what alternative payment plan you can make. Take care of it beforehand. Once it's on your record, even if you satisfy the judgment, even if you get the judgment dismissed, it's a matter of record and it's going to have a detrimental effect. So, the better course of action is to prevent the judgment. Make alternative plans before they even bring suit. I'm Robert Todd and thank you for watching.


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