What is worse to have on your credit, A judgment or Bankruptcy and why?

Depends on how you look at it.

Score wise a bankruptcy is worse then a judgment, but people with large unpaid judgments have a much harder time getting loans then people with bankruptcy’s.

Source(s): Finance Manager for over 11-years.

Your credit is going to suffer and continue to get worse until you pay your debts. How are you going to begin fixing your credit?

The mere fact that you have filed a bankruptcy can appear on your credit report for 10 years, but if you do the right things you can rebuild your score in less than 3. Right now, every month that you miss payments your credit score gets worse. Your credit score will not improve until you resume making regular, timely payments on all of your debts. However, if you file bankruptcy, then that is the last black mark against you. From there on you are in a position to rebuild. So ask yourself, in three years, will you have paid off all of your debt? If not, then bankruptcy may, in the long run, actually be better for your credit.

Nearly all consumer bankruptcy attorneys offer free consultations. Take advantage of this to meet with one and get advice based on all of the details of your particular situation. You can find a referral at NACBA.org (National Association of Consumer Bankruptcy Attorneys).

This is hard to answer. A judgement is the lesser evil I guess. A large unpaid judgement might be viewed less favorably by creditors or employers than a Chapter 7 filing.

what you’re asking is something like

“which is worse to have on your record, possession of marijuana, or a theft charge”

their both bad, and both may keep you from getting a job, much like both of those things may keep you from getting a job or a loan or a mortgage or whatever else for 7-10 years without some HUGE interest…

easy judgment because you still owe