What is a Judgement on my credit file?

A judgement listed on your credit file is a ruling against you by a court. Judgements stay on your credit file for up to 7 years. Such credit file judgements can make it difficult to obtain finance through the traditional means such as via a bank or credit union. Typical judgements we source finance for are:

  • Australian Taxation Office – Tax Debt Judgement
  • Creditor Judgements from a variety of creditors (or debt collectors) such as GE, Lion Finance, ACM Group etc
  • Businesses you owe money to that have taken you to court. The court has ruled you owe money and hence a judgement has been issued.

You can see how different credit defaults can be lodged and the affects here.

Credit judgements can also include orders for payment, wage garnishee orders, bank account garnishees, and/or orders for bankruptcy or further legal steps to recover monies.

Each judgement ruling can have a different outcome depending on the creditor, judge attending to case and if you attended court to argue your case. The first step in resolving a judgement is to identify what (if any) the courts next action is. Loan Saver Network can assist is identifying what your next step is and the debt consolidation finance available to you to resolve your credit issues quickly and for the long term.

Contact us on 1300 796 850.