Definition: a court order to pay a certain amount of money to someone who has filed a lawsuit against you. If a creditor, lender, debt collector, attorney, or some other party files a lawsuit against you and wins, a judgment is made against you. The judgment goes on your credit report and stays seven years from the date the lawsuit was filed. Judgments can result in garnished wages.
judgment
By LaToya Irby, About.com Guide
Explore Credit / Debt Management
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