Consumer: What is a Judgment? (FAQs)
Frequently Asked Questions about a Judgment
What is a Judgment?
A judgment is a decree or order of the court. A judgment in which an award of money damages is ordered (a money judgment) has the following effect on the party against whom the judgment was entered.
1. Judgment can become a lien on land.
2. Judgment accrues interest.
3. Judgment can be enforced by execution.
4. Judgment can affect your credit.
A judgment is filed with the court and becomes a public record. Thus, a judgment is available to the public. For example, landlords and creditors or lenders routinely check for judgments before doing business with a person.
See Quick Facts Consumer: What is a Judgment? for more info.
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