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Re: Paid Judgement...WHY Chat Please...


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Posted by jm10101 (198.80.153.10) on January 28, 2003 at 15:12:10:

In Reply to: Paid Judgement...WHY Chat Please... posted by Andrea on January 28, 2003 at 14:26:10:

AFTER the lawyer's office returns the writ of execution to the court clerk indicating that the judgment has been satisfied AND you verify with the clerk that it is recorded as SATISFIED, dispute the judgment as "NOT MINE" with the CRA. If they validate, then it will be updated to reflect the SATISFIED status...if they don't validate it will be removed. The judgment is allowed to remain on the report for 7 years after it was filed. As one gets closer to 7 years, the chances that they will NOT validate increases.

DO NOT send the CRA ANYTHING relating to the judgment - make them find the info.

A SATISFIED judgment on your report will not prevent you from getting a mortgage, but will drop your score, thus increasing your rate.


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