Need help consolidating payday loans
With a judgment, the creditor can then go to your bank and demand that your bank "freeze" all funds you have in your bank account.
Sometimes a creditor will enter a "default judgment" where a default resulted only because a debtor did not appear in court to plead their case.
This notation should not have any impact on your score.
When beginning a debt management plan, the largest immediate impact on your credit is usually that your credit accounts will be closed, which may cause your score to drop.
To assist in expediting the counseling process, have your most recent creditor statements available for easy reference.
After submitting an online counseling form, a counselor will contact you to set up an appointment.
A full credit and budget counseling session typically lasts 45-60 minutes, but don’t hesitate to call and speak to a counselor—even if you have only a few minutes to spare.
Counselors are available 24 hours a day, 7 days a week to answer questions.
Keep in mind that a debt management plan does not erase negative marks from your credit report.
If you have become delinquent on your accounts or miss payments prior to your repayment plan beginning, that will likely have a negative impact on your credit score.