You will get a money judgment on losing a lawsuit. Judgments on your credit report not only malign your image as a responsible person but also put you at the risk of future embarrassment. As per Fair Credit Reporting Act, judgments remain on your credit report for around 7 years pinpointing negativity and laxity on your part. However, this varies as per laws of different States but at least it will add up negativity to your report.

There are many financial institutions and credit bureaus from which you can get your credit report. Your credit history is prepared on the basis of information but sometimes these professionals commit mistakes in gathering the information. This can affect your credit report resulting in low credit score.

Though you can’t write off any negative judgment on your report, you can fight for correctness in the report.

Here are some ways to help you out:

• First of all, request the credit report from authentic financial institutions. For instance, you can contact TransUnion, Experian or Equifax.

• Every judgment has its own docket number. Write down the docket numbers of judgment.

• Legally, judgments should reflect in “public information” part of the report. Take care of that.

• Originally, courthouse provides the report. Visit there and provide the docket number to clerk. You can ask for the copy of judgment.

• You need to retain the copy for your personal records as well. Also have driver’s license copy to show your identity.

• If any judgment in incorrect, you can write to the credit bureau. Clearly explain the case that the judgment is present in report even though it is not yours. Attach a copy of your identity proof. It will help in proper verification.

So, these were some of the ways which can help you out in ameliorating defects in credit report. It’s very important and discrepancies in report may spoil your score making further transactions difficult for you. So, act proactively and try to make necessary corrections!