Satisfaction judgment 2025

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The document is a Satisfaction of Judgment, indicating that the final judgment in a legal case has been fully paid by the defendant. It includes spaces for the names of the plaintiff and defendant, details of the judgment, and requires notarization to confirm the acknowledgment by the judgment holder.

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Does a satisfied judgement affect credit score?

Having a satisfied CCJ on your credit report does impact your credit score, but the fact that youve paid it off is a big step in the right direction.

What does it mean to satisfy a judgement?

Satisfaction of a judgment, which is governed by URCP 58B, means that the debtor has paid the entire amount of the judgment and all accumulated fees, costs and interest, or that the creditor has decided not to pursue further collection efforts.

What are the three types of judgment?

Judgment is a court decision that settles a dispute between two parties by determining the rights and obligations of each party. Judgments are classified as in personam, in rem, or quasi in rem. Judgments are usually monetary, but can also be non-monetary, and are legally enforceable.

What is a satisfaction Judgement?

Tells the court and others that a judgment has been paid in full or in part. Can be recorded with a county to release a lien against the judgment debtors land or filed with the Secretary of State to release a lien against the debtors personal property.

Does a satisfied judgment hurt credit?

Satisfied judgments make it easier to get loans. They still hurt your credit score under the FICO formulas used for home loans, car loans, and credit card applications.

Does satisfied affect credit score?

Basis for Getting a Judgment Removed You paid the debt: Credit agencies will remove the judgment from your credit report if you can show that you did pay your debt on time. If you paid your debt after the judgment was established on your credit report, the agency wont remove the judgment.

Satisfaction judgment 2025

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