It’s scary enough to owe money you can’t pay back, but what may be even worse is finding out that you have already been sued for a debt, but didn’t even know it. Read more
... A judgment is a decision by a court describing the outcome of a lawsuit. Any amounts owed will be described in the judgment. With a judgment the creditor often has the ability to go after wages, bank accounts or other property to collect the judgment, depending on state law.
Close monitoring of your credit report is always a smart move. If you have a judgement against you, you have three options: fight, flight, pay/settle. The article discusses these options in detail.