I have a judgment filed for a perkin loans for $1200 on 04/01 on my credit report...I disputed this but it is remaining. It is valid....And, how many points is this affecting me???
Question - Can I negotiate a settlement /removal from CR with the lawyer? Or will it stay on the CR for 7 years?
Full Version: Judgement - SL
You wont removal from your CR. It is possible they might settle but I wouldnt bet on it. I know our legal department never did. By filing the judgement, they really have no incentive do so. Ask.
How does one end up with a judgement on a student loan? Is there a court hearing first before a judgement
can be issued. Also, I thought a judgement can last 10 years and can be issued over and over again.
can be issued. Also, I thought a judgement can last 10 years and can be issued over and over again.
QUOTE(slave @ Jan 12 2006, 04:21 PM) 
How does one end up with a judgement on a student loan? Is there a court hearing first before a judgement
can be issued. Also, I thought a judgement can last 10 years and can be issued over and over again.
can be issued. Also, I thought a judgement can last 10 years and can be issued over and over again.
A lot of times, judgements will be taken out of government insured loans after the CR reporting cycle has ended. It is generally more than 8 years or more after a default. It is more common with high balance loans or with people who are self employed. It gives them even more power. CSAC used to tell of us of judgements on the $100k plus balances of doctors, and lawyers.
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