A court judgment is a decision imposed by a court at the close of a conviction forcing the person who loses the dispute to refund the debt owing to the credit grantor, including extra payments such as interest.

The credit report decision is a notice that the borrower has a substantially high credit risk as a result of not being able to pay off the credit grantor or negotiate an agreement without court hearings. Credit companies obtain judgments from public sources and provide them on credit files for up to seven years.

Judgments are classified into the following categories:

There are three main types of court judgments.

Unsatisfied judgments are the worse kind because they are a public record of an unsatisfied debt. Following that are fulfilled decisions that are deemed less negative. They suggest that the customer was successful in settling the case brought against him. Nonetheless, they will be found on a credit sheet for up to seven years.

Judgments that have been vacated should be deleted from the consumer's credit sheet. Vacated decisions indicate that a precedent judgment's verdict was overturned, usually as a result of a successful claim. As a result, it is constitutionally cleared, almost as though there had never been a verdict.

The re-filed judgment is the final form of judgment. A verdict usually remains on a credit record for seven years. This is the kind of decision that companies re-file after seven years if they are dissatisfied. Based of the state where it was filed, it will appear on the credit sheet for a longer period of time.