Have you been successfully sued for unpaid credit cards, loans, alimony or child support, or been found financially responsible in a personal injury, property dispute, workplace discrimination or contract dispute claim?
There is a good chance your bad fortune is also impacting your credit scores.
Civil judgments can be reflected on your credit reports and negatively affect your credit scores. Credit reporting companies regularly update your records, which is why consistent reviews of your credit reports are important.
But there is some good news.
In July 2017, a change in credit reporting rules caused TransUnion, Equifax and Experian to remove and exclude an estimated 96 percent of civil judgments and 60 percent of tax liens from credit reports, which was a credit score windfall for roughly 12 million consumers.
ARE YOU ONE OF THEM?
If your Civil Judgment or Tax Lien debt report does not include your Personal Identifying Information (PII) – i.e., name and address, social security number and/or date of birth – the debt should not appear on your credit reports.
- Check your TransUnion, Equifax and Experian credit reports to see what is included – or excluded!
- If you find that some of your PII is missing/incorrect, act quickly to file a dispute to help protect your scores.