Credit Card Glossary: Terms and Definitions
A judgment is court decision, and it can occur in a dispute over a debt with a creditor or lender, usually as a result of a lawsuit. If you lose a suit filed by a creditor, lender, debt collector or other plaintiff, a judgment is made against you. It can result in garnished wages or seizure of assets, and goes on your credit report for seven years.
Terms from A-Z
Search the CreditCards.com glossary for every credit-related term from "account holder" to "zombie debt." Select a letter for alphabetized terms and definitions.