Credit Bureau and Reporting Issues - Judgement. what can i do?

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Judgement. what can i do?

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Topic: Judgement. what can i do?

Posted By: seanjohn
Subject: Judgement. what can i do?
Date Posted: 16/April/2015 at 12:24pm

This message is for Johnny and will like anyone knowledgeable to please chime in too.

I just found out that a judgement was entered into my credit report 3months ago. It was for my federal student loan. I am hoping to clear up the balance in 3months and through getting some equity from my property. I just have a few questions

1. Is it possible to get some credit repair expert help remove the existence of the judgement from my credit report by arguing i never received any letter from them.

2. If i can't remove it from my credit report and i get to have it showed as paid, how damaging is it to my credit report and is there anything i can do to get my score up? Or will it be a problem for few years?

3. It was mentioned that it is possible to claim the interests i paid on the loan claimed on my income tax, how true is that? Is it possible to request a statement of the interests i paid or can i just back calculate the interest?

Thank you guys

Replies:

Posted By: SFA
Date Posted: 18/April/2015 at 8:10pm

The judgement reporting under public records will continue to report for 6 years from filing.

If you settle the judgment it will still continue to report for the 6 year timelimits.

Judgements are renewable. So if you do not settle and the 6 year anniversary comes the CRA can file to have the judgement renewed for another 6 years. Judgements never go away.

You can contact the NSLS and ask how to proceed in regards to stating you we're never served. It won't prevent the

judgement reporting though.

Posted By: SolveStudentDebt
Date Posted: 19/April/2015 at 12:09pm

As long as the disposition shows "settled" then it is less risk to you.

Renewal periods vary depending on the applicable legislation. I have seen federal judgments live for 10 years without renewal.

Judgments go away the moment a satisfaction document is presented.

If you reside in Ontario then they do not have to serve you like they do in other provinces (hand delivery requirement).

NSLSC has no jurisdiction or responsibility for a federal loan once it has been returned to the government. Legal action and the governing body of that is Justice Canada, and CRA Legal Services. They would be the ones to issue you a detailed statement of account. They are located on Heron Road in Ottawa. Easy to find.

If the government has hired a private law firm to represent them (which they do almost in every case except for in Alberta); then they have to provide you with a detailed statement of account if you require one.

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

http://www.solvestudentdebt.com" rel="nofollow - solvestudentdebt.com

Posted By: seanjohn
Date Posted: 19/April/2015 at 12:56pm

thank you Johnny and SFA for the awesome input. I am based in Manitoba. I was not served directly. I believe I must have been sent some letter indicating the legal action but not 100percent sure. Would i be able to fight off or better still ask nicely for them to waive the legal fees they must have added to the student loan total .

Can you please also let me know about claiming the interest they have charged over the years on my income tax. That before or even after the Judgement last year december.

thanks guys!