When you have a judgment against you, and it’s on your credit report, it can be frustrating.
However, once you have a satisfaction of judgment, it can be a breath of fresh air as that judgment must show that it has been “paid” or “satisfied”.
Make sure you check your credit reports after you’ve received a satisfaction of judgment.
If the judgment isn’t on your credit report, that’s wonderful.
If your reports are still showing that you have a judgment against you and it does NOT show it being paid, then you need to get in touch with the credit reporting agency.
Make sure that you properly dispute this with them. Here’s the basic idea on disputing:
- You send a real letter, not an online dispute
- The letter is sent by certified mail, return receipt requested
- You can send the original judgment and then also the “satisfaction of judgment” that the collection lawyer will file in your case in Alabama
- Ask the credit reporting agencies to fix the credit reporting
- Make sure you keep a signed copy of whatever you send
It is critical to send the credit reporting agencies (Equifax, Experian, TransUnion, etc) the satisfaction of judgment, so that they have proof that it’s been paid or “satisfied”.
This is important.
Because since the credit reporting agency is smart enough to look for your judgement and put it on your credit report, they should be smart enough to understand their error and fix it.
Under this law, you can sue the credit reporting agency for false credit reporting.
If you live in the state of Alabama and you have any questions, give us a call at 1-205-879-2447.
I look forward to chatting with you!
Have a great day.