How Much Does A Public Record Affect Your Credit Score?



Did you know that your credit report is very crucial when you want to understand how to manage your finances appropriately? Normally, public records that reflect on your credit report will leave a negative impact on your overall credit score.

The sad fact is that that negative credit score might remain on your credit report for more than seven years. That is why you need to be careful when making your decisions. In some cases, the court will make judgments that will, in turn, affect your credit report. Here, you will be forced to pay off your credit card debt. Leaving them that way can negatively affect your overall credit score. Don’t forget that you can use the right ways to keep you out of the credit card debts.

In this article, we will be looking at how the public records and judgment can affect your final credit score.

The Public Records

Generally, a public record will be a legal document that is issued by the federal, state, or county government. This legal document will be visible to the public. There are many types of public records, and they include foreclosures, court judgment, child support past due, wage garnishment, as well as bankruptcies.

Whenever these legal documents are released, you will always hurt your credit score. Sometimes, you might make the payment that is demanded on the legal document offered by the government. But even if you do, the public record on your credit report will always affect your credit score.

A credit report comes with a section that will list all the public records that have been filed against a specific person. The negative score on your credit report will stay there for seven years and sometimes more than that. However, bankruptcies tend to have a longer effect on the credit report.

How Long Does a Bankruptcy Remain on Your Credit Report?


This is the only public report that would have a longer effect on your credit report. Chapter 13 bankruptcy states that a person should repay at least a portion of their stated debts. Chapter 13 bankruptcy will remain in the credit report for seven years from when it was filled.

However, it will take longer in Chapter 7 bankruptcy. First off, the Chapter 7 bankruptcy doesn’t require a person to repay any of the debt included in the filing. The Chapter 7 bankruptcy then remains on your credit report for ten years from when it was filed.

During this period, the court records will be updated occasionally, including the bankruptcy status. For instance, a person may indicate that the bankruptcy has been discharged. This will then automatically be updated in the credit report.

This information will be collected and updated often from the courts. It can be provided directly by the court to the national credit reporting companies or a representative of the credit reporting companies.

What If There Are Discrepancies on Your Credit Report after Bankruptcy?

In case you find or believe that there is inaccurate public record information on your credit report, you will need to dispute it as soon as possible. This should be done just as you would dispute any credit account information. The dispute can be submitted online, through email, or by making a phone call.

The credit report company will then contact the court and ask them to confirm the information. After that, you will be notified of the results. In case you have any documentation to support your dispute, you may submit it online or mail a copy to the address indicated on your credit report.

This will help to check if the information is real and if it is as it is or incorrect.

The Judgment

In terms of credit reports, a judgment is a decision made by the court for the debts that you will be needed to repay to your specific creditors. Usually, the judgment will remain for around seven to 10 years from when it was filed. Sadly, it will remain this way even if you repay it.

Usually, the judgment will have a very strong effect on your credit report during the first two years from when it was reported. When you have a judgment on your credit report, you will not qualify to take any loan without a significant down payment. Plus, you will have high-interest rates and fees when you take a loan in this condition.

Once a creditor gets a judgment, they can attach bank accounts and other file aliens on your property. This includes car, house, garnish wages, as well as land.

In this case, your payment record will affect almost 35% of your credit score. Some factors can drop your score further. For instance, if you make late payments, your face bankruptcies, receive collections or judgments, you will, in turn, have an adverse credit score.

The credit score will reduce further based on how significant the judgment is. That is why it is always advised to avoid judgments since they will harm your credit score for quite a long time. But with the right measures, you can always be confident of removing the judgment from your credit score.
Whenever you have a credit card debt, try your best to pay it off as soon as you can. Don’t forget that both the public records and judgments will negatively affect your credit score.

Always ensure that you have a good credit score at all times. With a good credit score check, you can know what your score is and if it will affect you in any way. When looking for a good checker, be sure to go for one that will not only check your credit score. Instead, go for one that checks every relevant information that is in public. A background check like BeenVerified is an excellent example of a checker that gives you details of your credit score and other background information.
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You can always check the BeenVerified reviews to help you understand it better and even know the experience that clients get when using this service.