Legal definition of Judgments
Credit Repair Legal Terminology

Judgments

1
a judgement, if recorded, becomes a matter of public record. If you have property or buy property, a title search will turn up items of public record.
The judge can order that your assets be sold to pay the judgement.
A recorded judgment gives the creditor or collection agency the legal right to try and recover payment for a period of up to 20 years. After this 20 year period is up the plaintiff can file a renewal.
Judgments may stay on your credit report for up to 7 years.
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Victor A DavisAttorney at LawPRACTICE AREA: Real Estate Law, Business Law, Industrial Development Law
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