cmbout1022
Junior Member
What is the name of your state? New Hampshire
I recently lost a small claims court case, my husband I were the defendent, my brother in law was plantiff. Basically we had an oral agreement to do a work swap exchange. After the brother in law finished his work for us he decided he just wanted to be paid and not honor the agreement made. In court he didn't deny the agreement, just used that that was too much bad blood between the families to continue with original agreement. We didn't really put up that much of a fight in court, because basically he's right - we don't want to be around him now either. However, I've since learned that this judgement can be a derogatory hit on my credit. What I'm trying to find out is this true even if I pay it in the court allotted 30 days. (we're still in the 30 day window). Is it not going to matter when I pay it??
This is very important to me, due to the fact that over the next year we need to refi our home and try and help my daughter financially go to college.
If its true that basically my credit will be ruined then I was wondering if I have any hope of a appeal or something. He didn't deny the agreement - isn't a oral agreement just as binding as a written if proven?? The chances of him signing a dismissal of judgement if we pay him in full is null! In fact he would love to know he's potentially ruin our credit. Can I pay him and then maybe countersue him for breach of contract - ok I'm stretching here - but I'm deparate!!
Any help, advice, options or clarification concerning the credit reporting would be greatly appreciated!
I recently lost a small claims court case, my husband I were the defendent, my brother in law was plantiff. Basically we had an oral agreement to do a work swap exchange. After the brother in law finished his work for us he decided he just wanted to be paid and not honor the agreement made. In court he didn't deny the agreement, just used that that was too much bad blood between the families to continue with original agreement. We didn't really put up that much of a fight in court, because basically he's right - we don't want to be around him now either. However, I've since learned that this judgement can be a derogatory hit on my credit. What I'm trying to find out is this true even if I pay it in the court allotted 30 days. (we're still in the 30 day window). Is it not going to matter when I pay it??
This is very important to me, due to the fact that over the next year we need to refi our home and try and help my daughter financially go to college.
If its true that basically my credit will be ruined then I was wondering if I have any hope of a appeal or something. He didn't deny the agreement - isn't a oral agreement just as binding as a written if proven?? The chances of him signing a dismissal of judgement if we pay him in full is null! In fact he would love to know he's potentially ruin our credit. Can I pay him and then maybe countersue him for breach of contract - ok I'm stretching here - but I'm deparate!!
Any help, advice, options or clarification concerning the credit reporting would be greatly appreciated!