A credit card judgment means you have been found legally responsible for a debt. This finding has happened in a court of law.
The lender went to court and filled a lawsuit against you and won their case. This will give the lender legal grounds to have your wages garnished to repay this debt. This will cause you credit score to be negatively impacted, it is a very derogatory mark to have on your credit. These will be sought after for any sort of unsecured debt, it is common for collection agencies to file a civil case.
This mark will stay on your credit for 7 – 10 years dependent upon the state that court was held in, and the statute of limitations in that state. However it is common for creditors to renew these marks.
This makes it very difficult to ever remove it from your credit. However it can be done and with a little luck you may not even have to pay it. I recommend you first dispute the mark with the credit bureaus. This is done by writing a dispute letter in which you explain why the listing is wrong and should be removed.
The bureaus will then conduct an investigation into the listing. They will try to verify that it is real and the amounts are accurate.
If they can not verify the account then it must be removed from your credit report. It is common for investigations to result in a mark being deleted. However a judgment is such a severe mark that it doesn’t have as good of chances of being removed. This often means you are stuck with the listing.
However in some instances this mark is wrong and inaccurate. Thus it should legally be removed from your credit.
This is when I would suggest a credit repair law firm. They can use their knowledge and expertise and if necessary a court of law to prove that this mark is not correct and not accurate. Credit attorneys do not have to be paid thousands of dollars. You can actually hire them at a reasonable rate.