A default judgment is a judgment placed against you by a court of law by some who claims you owe them money. It can be a corporation, business, or someone can file personally against you if you have borrowed money from them.

Placing a judgment against a debtor is the only recourse a creditor has to secure getting his money this is owed him. This default judgment will appear on your credit report with the three major credit reporting agencies. A judgment will affect your credit rating and cause you considerable harm when applying for credit in the future.

A default judgment is claimed against you if you did not show up in court to confirm or contest this claim. There are laws in place to protect you if you were not aware a judgment was being filed against you. There is a process to enable you to have the default judgment vacated or removed.

If you feel the information used against you is incorrect, you have the to have the judgment vacated. This can only be granted by a judge, so you must begin the process as soon as you can. You cannot schedule a new trial or an appeal until this is done.

There are several simples steps to begin the process. To vacate a judgment, go to the local small claims court to ask the clerk for a “Notice of Motion to Vacate Judgment.” You will pay a nominal fee, which differs from state to state. This form MUST be filled out within thirty days of receiving your Notice Of Judgment so that it is timestamped and filed with the proper court for evidence.

A judge will consider your circumstances if you were not aware a judgment was being filed against you. After the clerk has timestamped and filed the paperwork, you accuser will be contacted as well. The law states you have 180 days to file a Notice of Motion to Vacate Judgment.

You can ask the court to postpone the trial or ask for a continuance in order for to gather evidence for your trial. Some circumstances are taken into consideration.

If the judge decides to deny your request to vacate the default judgment, then you have 10 days in which to file an appeal against his denial.

How to Raise Your Credit Score 163 Points with Lexington Law credit repair services. True story – See Proof at www.creditforcouples.com.

categories: credit reports, default judgments, vacate a default judgment

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Getting an annual credit report has been likened to getting an annual physical check-up. Some people may view it as something that can be put off for later. It may have been an annoying inconvenience in the years past, but today’s Internet technology has facilitated the process. It is as important to an individual’s fiscal health as a physical exam is important to his or her physical health. Also, as in a physical exam, getting a credit report can help prevent bad things from happening (financially speaking) and if financial problems already exist, viewing your credit report can prevent things from worsening.

During the past years, an individual would have had to fork over $9 to get a copy of his or her credit report. Today, however, consumers are entitled to get a free copy of their annual credit report, thanks to a law passed by the United States Congress in 2003: the Fair and Accurate Credit Transactions Act (FACTA). Under this law, American citizens can avail of a copy of their credit report every twelve months, gratis. All they have to do is log on to Annual Credit Report, a web site made possible through the cooperation of the top three U.S. credit bureaus: Experian, TransUnion, and Equifax. It is also possible to request individual credit reports from these three agencies.

However, keep in mind that the content of credit reports from these agencies may differ. For instance, a person’s TransUnion and Equifax credit report may contain information about court accounts and late payments, while his or her Experian report may reveal other information. All these pieces of information are vital to a person’s fiscal health. Why is this so? Many people might not realize it, but there are entities that use their credit report for reasons that affect their everyday lives.

For instance, if you are applying for a mortgage, or if you want to re-mortgage your property, you can be assured that your credit report is one of the things that your potential creditor will consider. This information is also pertinent when it comes to things such as your automobile insurance, home insurance, and loans. It all boils down to a concept called creditworthiness. Are you credit-worthy enough for financial institutions to lend you money or underwrite your potential debt? Your credit report is one of the main factors in helping financial institutions decide this, so it is worth your time and effort to make sure that your credit report is in order; or if it is not, to take the necessary steps towards credit repair.

Because even if you are certain of all your financial dealings, you might be surprised to find inaccurate information in your annual credit report. Although such occurrences are not that frequent, they can happen nevertheless. Sometimes payments you have made or debts you have cancelled may not be reflected in your credit report, and this will negatively affect loans or other financial dealings for which you are applying. Did you know that interests on your car loan or mortgage can be affected by negative information in your credit statistics? This is one major reason why you should have the most updated copy of your credit report – any such inaccuracies will be noticed and you can take the necessary steps to correct these mistakes as early as possible.

Your credit report is another exceptional indicator of whether you’ve been a victim of identity theft. Think about it: you may have given personal information such as your Social Security number to an e-mail asking for that information or to a web site requiring that you give that sort of data first before being allowed to proceed with the site’s other services. The fact is, an unauthorized person who has your Social Security number and other personal information can get loans or credit cards under your name. Fraudsters who do this usually go on a spending spree, racking up debts with you as the debtor. Meanwhile, you go about on your daily business, innocent of the fact that your credit reputation is being ruined (for, because you don’t know about your alleged “debts,” you don’t take steps to pay them).

Then the time comes when you need financial services of your own: a mortgage refinancing or the renewal of your car insurance, and it’s only then that you see from your credit report that you’ve been a victim of identity theft. Although such situations are remediable, they can take a lot of time and hard work, not to mention the additional payments needed for credit repair purposes.

Getting an annual credit report, therefore, is essential to helping ensure one’s financial well-being. It can help you fix inaccurate credit data as early as possible to your advantage. And best of all, this credit repair tool is free!

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Collection agencies sometimes use unscrupulous methods to collect money owed on a debt. Luckily, the Fair Credit Reporting Act protects you from these debts being marked up as much as 150% from the original debt owed. You must go to a court of law to fight them, and have the information removed from your credit report. They can do irreparable damage to your credit rating and create havoc on your credit report.

Many times the original debt is a minimal amount. However, once the debt has been charged off your account can be sold to a collection agency. At this point, the purchaser of the debt can mark up the total amount in order to make a profit. This often comes under the guise of fees, interest rates and penalties. LVNV is one such collection agency whose business practices and collection process are questionable and who use derisive tactics for collection.

Protect yourself against the scurrilous actions of the collection agency by asking for detailed information and collection of facts. This can be accomplished by writing a letter of debt validation which you can use in a court of law.

Debt validation is a process under which you are protected by the FDPCA (The Fair Debt Collection Practices Act) by writing a letter. Collection agencies may not even be entitled to collect the debt. You are obligated to pay the original debt, such as a credit card balance. But you are protected from receiving fraudulent collection requests.

Your letter should be send to all credit reporting agencies, and mailed via certified mail with return receipt requested. There are several questions which are key that you must ask, and request certain information. Inform them the collection agency is reporting erroneous information and that you want it either deleted or corrected on your report. They are violating your rights and it needs to be corrected immediately.

Write a certified, return reciept letter to the collection agency as well, asking them to provide information regarding the amount of the debt, the formula they used for calculation of the debt owed. This will show what the original debt was and how much their fees are. Get proof of the contract approving the debt, and whether the statue of limitations is valid. If it has run out, you no longer owe the debt and they are not able to collect it. Ask for proof of license to collect and if they have the authority to collect in your state.

Free 19 Page Collection Agency Deletion Guide at www.lvnvfundingcollection.com. Stop Lvnv Funding in its Tracks. Fast, Easy, and Free.

categories: debt validation, collection agencies, letters to debtors, collection agencies

Identity theft is often hard to prove and the process of removing fraudulent information from your credit reports can last for years. Anybody who has tried on their own to fix their credit problems knows what a hassle it can be. The amount of time, effort and perseverance can be overwhelming. Rapid rescoring can only be done by companies that work through brokers and mortgage lenders, and not directly with the consumer.

The Lexington Law Firm can work to remove the negative entries or items. As one of the most reputable companies in the business, they can only remove those negative entries if they are incorrect. If you are truly liable for the debt, no company can remove them, nor can they help you win a case against a creditor.

Companies who state they can remove anything from your credit report are fraudulent and what they are stating is illegal. Rapid rescoring is a legitimate way to remove erroneous information from your credit report in a timely manner.

The professionals at the Lexington Law Firm are prepared to deal with anything that comes across their desk. They pay the utmost attention to detial and will do their best to make the end result favorable. There are roadblocks to every situation, and they are able to maneuver through them.

Nightmare conditions are eliminated, returning errors removed permanently. Rapid rescoring is a legal, legitimate way to remove unwanted or erroneous information from your credit information with Equifax, Trans Union and Experian.

To avoid the recurrence of any erroneous credit information being reported to your report, monitor your credit reports daily. The use of a rapid rescoring to your credit is an efficient way to remove mistakes or improve your score, but companies such as the Lexington Law Firm cannot rewrite history. If the debt is real, there is nothing that can be done until the debt has fallen off the report in the amount of time usually required by the credit agencies.

How to Raise Your Credit Score 163 Points with Lexington Law credit repair services. True story – See Proof at www.creditforcouples.com.

Read all of the fine print. Some companies charge outrageous yearly fees. The federal government is putting a cap on these fees but companies are raising interest rates to compensate. One card I saw advertised came with a 79.9 percent interest rate. This kind of interest will add up quickly and you could end up owing a lot of money.

If a company sends you a card you don’t have to accept it. Having more cards may mean more fees and if you can’t afford this then you could end up in trouble quickly. You should only buy what you can afford to pay for and save credit for emergencies.

Know what you will pay before you accept a card. This includes annual fees, interest rates, and late fees. Companies charge a lot of fees and you need to know what your monthly bill will be. This helps you avoid hidden fees and you won’t be shocked by your bill.

Sometimes a prepaid credit card may be a better way to go. If you have a low credit score then you are likely to pay a lot in fees and interest. You can use these exactly the same way as your regular cards but with no interest or other fees to eat up your money.

You should keep in mind that yearly fees and interest are added on to your balance. If you go over you limit then you pay even more fees and possibly even higher interest. Always know your balance and pay your bill monthly. It is always best to pay more than the minimum as that usually covers little more than your interest on purchases. Keep in mind that cash advances often have even higher interest rates.

Staying out of credit card debt can be tricky at best. Keeping debt down can help you save money. Spend wisely and keep your debt under control for better credit scores.

Would you like to learn more about how to get lower credit interest rate? Read other finance article at credit cards guide

categories: credit cards,finance,guide,credit,loans,personal,tips

Annual credit report offers the information about the credit history, payments made, credit worthiness and personal information. This report as the name suggests are an account for the above mentioned things for one complete financial year.

Credit is an important set of information to carry out financial transactions at every level in the market. Most of the capital invested in a business comes from credit. The credit lenders provide all the information of a borrower including the credit details to the credit bureaus which keep the track of all the transactions made. These agencies govern and formulate the reports for credit exchanges and fall under the federal law. These agencies are Equifax, Experian and TransUnion. Annual credit report is very important tool since it can be used as a reminder for your due credit payments. It is also source that can get you another credit, or loan or even job if it is a clear report.

On the basis of annual credit report the credit bureaus assign a credit score which helps getting further credits and even mark the market value of a person. A person should access this report because it can help in avoiding the inaccuracies in the account details and even can help reducing the threats like personal identification thefts. The annual credit reports are available online also and can be accessible easily from a number of sites that provide this facility free of cost.

Annual credit report can be a proficient tool for keeping a check on the credit payments. This tool can help us in getting further credit and loans. Annual credit report and credit score provide us a ground that marks our market credibility. By regularly checking this report one can avoid any legal action that can be taken against him. By checking this report you can protect your self to be highlighted under the defaulter category incase of non payments. It is an important tool which is available to you at just a mouse click. And it can help you in getting the upcoming opportunities.

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Laws vary from state to state, but there are no legal reasons prohibiting a credit card lender from garnishing your wages. Simply because you changed residences and now live in a different state from where you first applied for the credit card will not stop a law suit or proceedings to collect this debt.

Your creditor may be able to help you if you speak to them. In some instances, negotiations as to a settlement amount or payment plan can be made if you ask for them. If you have lost your job or be cut back on hours that reduce your wages , talk to them and have all pertinent information like pay stubs when discussing your options.

To appeal the judgment or have it vacated and appear before a judge, there are several things you must do. You must go to the small claims court within thirty days of receiving your judgment notice and complete a “Notice of MotionTo Vacate Judgment” form. It MUST be time stamped and filed with the proper court by the clerk.

A clerk will timestamp the paperwork, set the date and time in which you must appear. If you were not aware of the “Notice of Judgment” filed against you, the law also states you have 180 days to file a “Notice of Motion to Vacate Judgment.” A judge may consider your circumstances, but you have to appear before the court to be heard.

Learn how to effectively dispute and erase a legal judgment from your credit reports. See the true story of how judgment victims cleaned up their credit scores at www.creditreportjudgement.com.

categories: credit card judgments, credit reports, default judgments, vacate a default judgment

Whenever you get the chance of obtaining free annual credit report it is better to not to loose that chance. The importance of knowing the credit reports have increased to such an extent that you would have to be aware of every ups and downs in your credit status. This is so because you will have to show it in almost every financial purpose whether it is while seeking a loan, while applying for credit cards, getting an auto or a home loan or for applying for a job. Therefore, knowing about your credit score is necessary and do not loose a chance to know about it free of cost.

The credit bureau keeps track of your credit records and visiting them everything you want to know about your report is not possible. Therefore, you can opt for the online facilities. Here you will get to know about your credit records by providing the required information for your identity. However, for receiving an annual report for free you can also apply and get benefited. The annual reports will be delivered right in your home address and thus, you will have a detailed annual report. This will help you in being informed and alert for your records.

Such reports contains information about all kind of expenses, loans and repayments, major financial transactions, credit status, outstanding payments and also credit score. This will help you in maintaining a good credit status and also in improving the bad scores. Moreover, keeping a regular data will save you from suffering any sort of identity thefts.

Consumer credit report, business credit report or annual credit reports are the varieties of reports that you can achieve. It is this free annual credit report which will help you in borrowing money from the lenders. Every lender before lending money wants to see such reports and then decides the offered amount.

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Why is it important to know the credit score and for that the credit report? Well, the answer is that keeping a track of the financial details, will only helps you to know more about your financial credibility. You credit also plays a very determined role while acquiring new loans, credit cards and even while qualifying for jobs. So, when the opportunity comes to know about what and where your credit stands, then you can prefer to avail the annual credit report.

Annual credit report stands as a testimonial to all your major financial dealing, personal details, any outstanding debts, address, your contact number etc. in fact, it can be said that it is a complete dossier of your personal account. The greatest advantage of having credit report is that you get to maintain a steady and good credit score. Further, you can also check for any anomalies or any error mentioned in the report and rectifies the same. Besides, the report is updated continuously and you can best assure that there will be not any identity thefts.

In accordance with the federal law, these reports are issued by 3 credit bureaus namely Experian, Equifax and Transunion. The data is collected from the various lenders and merchants with whom you had made any previous transactions. The reports thus generated will be same but the procedure of assessing your credit is different. So, there are chances that the report issues may have some error or some data have been misinterpreted. So, it is a must to check the credit report on a regular basis.

With the changing times, you can derive the annual credit reports from online providers too. All you have to is to register online by offering the required details. Online application enables you to access the report from anywhere at any point of time. However, you should go through the various aspects of the provider before selecting any. Always prefer those who offer annual credit reports without asking for any fees.

Annual credit reports enables you to understand your financial; position in a better way and enables you to remain away from any credit problems.

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Are you curious about your credit report and would like to know if it needs repairing? The free annual credit report helps you take into account, whether the scores have gotten better or worse. Hence, you can come to know when you need work better on your credit score. This report keeps a track of your financial transactions.

One can get this report by credit reporting agencies, which are Equifax, Experian and TransUnion. One can order this report through internet. If you are going to view your free annual credit report online, you need to make sure that the website you are viewing is official.

This report will keep you updated with your good or bad scores. When you are viewing your report, you shall make sure that everything is being kept up to date and your information is not being used by someone committing identity fraud.

The free annual report lets you know your annual credit rating with accounts that you currently have opened and the ones that have been closed recently. In order to avoid your personal details being misused, you can ask for a social security number, which is placed on copies of your credit report, and is unique to all individuals.

If in any case you have been denied for loans, you are entitled by law to obtain a copy of this report. The lenders with whom you have applied have to give you with the name and contact data of the credit bureau they acquired your information from. This way, you could contact this credit bureau within 60 days to obtain your free credit report.

The free annual credit report will help you see where you are when it comes to your credit scores. It is a great way to keep a check at your credit rating. There will be a side of the bar online, which is green, which will indicate that, you have a high credit rating, but there is also a red side of the bar, which indicates that you have a bad credit rating.

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