If court case lost - not paid - effect credit?

[breexway]

What is the name of your state? Ma.

If you loose a courtcase to money owed. You do not pay this money. Does this show up on a credit history should you apply for a mortgage? Where does this show up? Or is it just something that is on record at the courthouse and the only way anyone will know you have an outstanding debt through a lawsuit is if they check it out with the courthouse?

[breexway]

Originally Posted by breexway

What is the name of your state? Ma.

If you loose a courtcase to money owed. You do not pay this money. Does this show up on a credit history should you apply for a mortgage? Where does this show up? Or is it just something that is on record at the courthouse and the only way anyone will know you have an outstanding debt through a lawsuit is if they check it out with the courthouse?

Forgot to add:


In Massachusettes can they garnish your wages? If the plantiff wishes to take this further because the debt has not been paid?

Thanks

[I AM ALWAYS LIABLE]

Originally Posted by breexway

What is the name of your state? Ma.

If you loose a courtcase to money owed. You do not pay this money. Does this show up on a credit history should you apply for a mortgage? Where does this show up? Or is it just something that is on record at the courthouse and the only way anyone will know you have an outstanding debt through a lawsuit is if they check it out with the courthouse?

My response:

If it hasn't already, the judgment will appear on your credit reports, bringing down your credit score.

IAAL

[breexway]

Originally Posted by I AM ALWAYS LIABLE

My response:

If it hasn't already, the judgment will appear on your credit reports, bringing down your credit score.

IAAL

If it is not paid and the person owing has no intention of paying, can the plantiff turn it over to a collection agency?

[zippysgoddess]

Of course they can, they can also pursue any other methods allowable by law in your state to get their money, this could include wage garnishment, bank account levy, property liens, and etc.

Sorry, just because they have a judgement, and their is no debtors prisons anymore, doesn't mean you just get to walk away from paying it. In Ma. a judgement is good for 20 years, so they have a nice long time to drive you crazy, and hold the anvil over your head wanting their money!

[ablessin]

Originally Posted by breexway

What is the name of your state? Ma.

If you loose a courtcase to money owed. You do not pay this money. Does this show up on a credit history should you apply for a mortgage? Where does this show up? Or is it just something that is on record at the courthouse and the only way anyone will know you have an outstanding debt through a lawsuit is if they check it out with the courthouse?

It's not just going to go away because you don't pay for it.
You're going to compound interest and late fees and probably court fees too.

I'd try to pay it now - they can seize your bank account, and so much more