What are collections and judgments?

Collections and judgments are types of 'derogatory debt' that can negatively effect your credit.

Collections are unpaid debt that have gone to the lender's collections department or 3rd party collection agency. 

Judgments are debt that have gone through the court system in an attempt to collect. 

You can read more about these types of debt, how they can affect your credit, and approaches  on how to address it on our blog