19 Aug How to Handle Judgment Removals from Multiple Credit Bureaus
What do you do when your credit report reflects judgments from more than one credit bureau? This reveals a history of poor financial decisions and shows that you have had past challenges in managing debt. Dealing with debt is hard enough, but a direct consequence of how you do so will reflect on your credit report. Firstly, use this free credit check to see what score is indicated, and to identify red flags, judgments, and listings against you.
Judgments count against your creditworthiness, and you need to take steps to clear them across all relevant credit bureaus. Sitting with them and not taking action is the worst thing you can do, especially when you cannot justify the judgment in the first place. We are experts in legal credit clearance and know how to contest unfair judgments and restore your financial wellness. Our team can also expedite the removal of judgments that have already been settled, ensuring that your credit report from each credit bureau reflects accurate, updated information.
Credit Reports May Differ
South African’s are legally entitled to one free credit report per year from each registered credit bureau. Request your free annual report from TransUnion, Experian, XDS, and Compuscan. Compare them, as they may not all reflect the same information. Take note of where the judgments reflect, so that our Cape Town Legal Consultants team can assist.
Once we have determined the nature of each judgment, it becomes clear where we can dispute and where we need to settle. Judgment removal is key to restoring your financial freedom – this is where our legal team come in. There are many reasons to set a judgment aside if it was unfairly granted or does not comply with the Magistrates’ Court rules. In other cases, we assist in clearing paid-up judgments, which may otherwise show on your credit report for up to 5 years.
There are many reasons your credit report could look different from one bureau to the next. Usually, it is the timing of updates made to your credit report from that bureau. Not all creditors report to every credit bureau, meaning some judgments may only appear on certain reports – this is why most lenders check more than one credit report before approving credit applications.
Credit Recovery Starts Here
Our team knows how to handle judgments from multiple credit bureaus. We will guide and support you throughout the process of judgment removals. Remember, the faster you act, the quicker you can restore your credit report and benefit from an improved credit score. Avoid the consequences of ignoring a debt judgment and get back on track today. CONTACT US today to get started.