The lawsuit itself won't be added to your credit report, but if the creditor wins a judgment against you (meaning the court orders you to pay up), that judgment will go on your credit report in
the public records section.
Additionally, criminal activity is not reported to the credit bureau;
the public records sections of a credit report will only include financial - related information.
In
the public records section, look to see whether it contains negative information more than seven years old — or for a bankruptcy, more than 10 years old.
If you have any recent financial disasters — say a foreclosure or bankruptcy — they will show up in
the public records section of your credit report.
The downside to bankruptcy is that it's entered in
the public records section of your credit report and stays there for probably ten years.
The public records section of your credit report lists information gleaned from court records and other public documents, including bankruptcies, foreclosures, judgments and liens.
However, there is
a public records section near the bottom of the report that can contain old, unpaid parking tickets a city is reporting, an unpaid cell phone bill, an unpaid utility bill, or a small debt some company claims you owe them.
As soon as
the public records section is cleaned up and completely clear, your credit score should improve dramatically as long as you don't have a lot of other derogatory information on your credit report (like a lot of late payments, a bankruptcy, or a consumer proposal).
The only ways you can dramatically boost your credit score within a month or two is by cleaning up
the public records section of your credit report (as discussed above), paying down a substantial amount of debt if you are close to your credit limits (also discussed above), or getting a creditor or the credit bureau to stop reporting negative information that is more than 7 years old.
Information in
the public records section is not permanent.
If your husband was named in a lawsuit and the landlord won, a monetary judgment would be placed on his credit report in
the public records section.
Equifax explains that information in
the Public Records section of your credit report remains on your credit report for 7 years.
If a consumer has filed bankruptcy then he should check both
the public records section of his credit reports to ensure that the bankruptcy itself is being reported properly and he should review each of the individual accounts which were included in his bankruptcy for errors as well.
Also, be sure to scrutinize
the public records section of your report.
A bankruptcy case will be reported in
the public records section for 7 - 10 years, depending on the bankruptcy case filed.
Next comes
the public records section of your credit report.
On the other hand, a low score could indicate negative financial data in
the public records section including judgments, foreclosures, suits, wage attachments, bankruptcies, state and federal tax liens, and past - due child support.
Both Chapter 7 and Chapter 13 cases will be reported under
the public record section of your credit report.
The bankruptcy will be deleted from
the public records section 7 years from the filing date of the bankruptcy case
Judgments, tax liens, repossessions, and foreclosures appear in
the public records section of your credit report and also have a detrimental impact on your credit score.
In
the public records section there are details of bankruptcies, taxes unpaid or outstanding, and any problems with collection agencies, if any.
One is
the public record section.
The public record section can involve bankruptcies, tax liens, and judgments.
Public Records
Your public records section will list any judgments, bankruptcies, and / or tax liens that you have experienced.
It is likely that any accounts that you have in collections will also appear in
your public records section.
A judgment can be reported for longer than seven years in
the public records section of the credit report.
Likely, you have a judgment which means this appears in
your public record section of the credit report.
Someone will apply for a loan, their lender will obtain their credit report and then ask them why they have a collection for $ 290 owed to the City of XYZ under
the public records section of their credit bureau.
Public records sections is where this item would occur, unless you are in the rare case that an apartment owner reports to a credit bureau.
It won't be in your credit report unless you go to court and then it's in
the public records section.
A bankruptcy filing appears in
the public record section of an individual's credit report and should not be reported on the non-filing spouse's credit report.