How to remove Capital One judgement from credit report?

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neptunejcw
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How to remove Capital One judgement from credit report?

Postby neptunejcw » Wed Nov 21, 2012 10:24 pm

I have a judgement on my credit from Capitol One in the amount of $1400 on the date of 9/2010 . I have the money to pay it but before I pay it i'm trying to figure how do I go about getting this removed from credit report once its paid?

The lawyers office says I have to go back to court. Now if it remains but shows paid or satisfied, will it affect future things like getting car loan or credit card. I'm trying to rebuild my credit. I have 1 First Premier Card with a 300 limit. Its going on 2 years that I've had it, should I go get a secured credit card or what??


randeman
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Postby randeman » Fri Nov 23, 2012 6:52 am

I am far from an expert, but from what I know it's very unlikely that it will be removed if the debt and judgment were valid. I was sued for a debt that I was working on clearing up when it went to court. I was never served properly. However, I lucked out in that I satisfied the debt immediately upon learning of the judgment. I went to the clerk's office and was told to dispute the judgment since it had been satisfied and the court would not respond to the credit bureau inquiry and thus it would drop from my report. You can give that a shot. I can tell you that if you do pay the judgment, YOU will need to go to the clerk's office and get the documentation showing the judgment as satisfied and then send it to the credit bureaus. It is your responsibility to get the information to the credit bureaus. If you can't get it removed (and I'm not saying you shouldn't try) the faster that you show the judgment is satisfied (by reporting as I wrote above) the better your chances of future potential creditors looking at your situation in a more favorable light.
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DoingHomework
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Postby DoingHomework » Fri Nov 23, 2012 9:08 am

What randeman said is worth a shot. But it is highly likely you need to pay it off then wait 7 years for it to clear from your report. The whole point of credit reporting is to identify people like you who don't pay their bills. That judgement should stay on your report so that future creditors know not to lend to you without charging very high interest rates.


neptunejcw
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Postby neptunejcw » Fri Nov 23, 2012 10:09 am

Thanks. I will do that & keep you posted on the results. Hopefully it goes well for me

MemberSince99
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Postby MemberSince99 » Fri Nov 23, 2012 4:09 pm

You can contact the Capital One executive office and explain to them why you were unable to pay at that time and show that you have since asked paid it, and explain that you are very sorry it took that long and that was never your intention, and ask them to please remove the judgement from your credit as a goodwill gesture (this is called a goodwill or GW for short).

They have no obligation to do so, you are asking them for a favor, so please keep this in mind as you write your letter, and don't do something like "I demand that you remove this immediately or I will tell my friends you are the scum of the earth!" or any sort of attitude like this, word it as you are asking for a favor. Wording it in a cocky or condescending way will ensure nothing gets done. They may do nothing anyway, however, it's in your interests to be NICE in the hopes they will.

I would not hold my breath, and you may write them multiple times asking, eventually perhaps even calling, but even if you get frustrated, be NICE and keep in mind this is a favor you are looking for. I've said it more than once to try to help you. If you want a shot, please keep the advice in mind.

Good luck. Let us know how it turns out.



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