If I had judgement against me in court and the judgement was satisfied
and the satisfaction/release of judgement papers were filed with the
court, will this judgement be removed from my credit report?  If they
are still on there and I send copies of satisfaction of the judgement,
will this completely remove this from my credit report?  Or will it
still show up there as a satisfied judgement?

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Clarification of Question by bic12345-ga on 27 Feb 2006 12:45 PST

This is in Illinois.

Hi  bic12345,

1) If I had judgement against me in court and the judgement was
satisfied and the satisfaction/release of judgement papers were filed
with the court, will this judgement be removed from my credit report?
2) If they are still on there and I send copies of satisfaction of the
judgement, will this completely remove this from my credit report?  Or
will it still show up there as a satisfied judgement?

Briefly, the judgement will remain on your credit report but it will
be listed as satisfied.

Federal Trade Commission (FTC)
What can I do about my credit problems as a result of my dispute with Leasecomm?
This depends on your current status.
a. "If you get a Satisfaction of Judgment, the credit bureaus will
automatically record this fact in their files when they next obtain
information from the court where the judgment was entered. You can
also send a copy to the credit bureau or someone you are asking for
credit as proof that you no longer owe money. This doesn't wipe out
the fact that there was a judgment, but it does establish that the
judgment has been satisfied and the dispute resolved. You may also
dispute the credit report, as described below in Q #11."
http://www.ftc.gov/ro/leasecomm/qa01.htm

Additional Links of Interest

Federal Trade Commission (FTC)
Your Access to Free Credit Reports
"The Fair Credit Reporting Act (FCRA) requires each of the nationwide
consumer reporting companies - Equifax, Experian, and TransUnion - to
provide you with a free copy of your credit report, at your request,
once every 12 months. The FCRA promotes the accuracy and privacy of
information in the files of the nation?s consumer reporting companies.
The Federal Trade Commission (FTC), the nation?s consumer protection
agency, enforces the FCRA with respect to consumer reporting
companies."
http://www.ftc.gov/bcp/conline/pubs/credit/freereports.htm

"Credit reports on judgment debtors issued by credit reporting
agencies should reflect all partial and full satisfactions of
judgments.
http://bankruptcy-law.freeadvice.com/collections/satisfaction_judgment.htm

Chicago Tribune
How does renter rectify entry on credit report?
 A. The only thing you can do is to file a motion, based upon a
satisfaction of the judgment, to vacate the judgment entered against
you.
"There are two methods for vacating satisfied judgments and having the
cases dismissed. The management company is required to file a
Satisfaction of Judgment form with the court for all satisfied
judgments, and one of the forms available contains a place for a judge
to automatically vacate the judgment and dismiss the action. If a
different satisfaction form was filed, or if no Satisfaction of
Judgment form was filed, you can either ask the management company's
attorney to provide you with one, or you can file a motion in the same
courtroom where the judgment was entered, explaining that the judgment
was satisfied and asking for a vacation of the judgment and a
dismissal of the case. In that case, you will be required to
demonstrate that you paid the judgment and court costs, and the best
proof of that would be a receipt from the management company or your
canceled check."
http://www.chicagotribune.com/classified/realestate/renting/chi-0305180103may18,1,3066426.story?coll=chi-rentingnewsadvice-misc&ctrack=1&cset=true

Pay the amount due and protect your credit rating.
    "Pay the judgment and make sure to ask the judgment creditor to
sign a form called a Satisfaction and Release of Judgment. Complete
the form, have the judgment creditor sign it, and file it at the
Circuit Clerk?s office. You should keep a copy for your own records.
Once this form is filed, you can show any potential creditors that you
paid the judgment in full.
    If the judgment creditor refuses or just fails to sign the form
despite your requests, you can file a motion to ask the judge to sign
the release. Check with the Circuit Clerk?s office for information
about the necessary papers and scheduling the motion."
http://www.19thcircuitcourt.state.il.us/self-help/s_claims/after_the_judgment.htm

I was happy to work on this for you. If you have any questions, please
post a clarification request and wait for me to respond before
closing/rating my answer.

Thank you,
hummer

Google Search Terms Used: "Satisfaction of Judgment" illinois "credit rating"

Thanks, I had seen that Chicago Trib article but the rest was very helpful.