If you have been sued and a legal judgement has been issued against you, it can be difficult to qualify for traditional financing. We are one of the few lenders who will grant loans to pay a judgment. This can help clear the slate and put you on a new financial path.
What is a court judgement?
A judgement is a legal order that is issued by a court. It can be used to garnish wages and seize/sell assets.
The negative impacts of judgments
Having a judgment against you means that you owe somebody else a debt – and that the creditor has had to pursue you through the courts for repayment. That’s a negative indicator for most lenders. As a result, a legal judgement can preclude you from buying real estate or securing a new credit card. Moreover, it can stay on your credit record for years.
We believe that people can turn new chapters and manage their debts responsibly, even after a judgement has been issued against them. That’s why we’re willing to give loans to pay judgements (if you live in either British Columbia or Alberta).
Getting a loan to pay off a judgement
If you earn at least $4,000 per month and reside in either British Columbia or Alberta, Canada, you can qualify to get a loan to pay off a judgement. In fact, we are able to pay your creditor on your behalf.
Our loans are private and are not reported to a credit bureau.
Do I have to use the loan to pay off a judgement?
Yes, the purpose of our loan is to pay off a judgement that has been issued against you. It is not available for other use.
Keep in mind that it is your responsibility to ensure that credit ratings bureaus are aware that the court judgement has been paid off. We do not do that for you.
Will this loan help me build credit?
As mentioned, we don’t report your loan to credit bureaus. However, our loans to pay a judgment can help you build credit by paying off a legal judgement that has damaged your credit.
Is No Credit Check Loans a bank?
No, we are a private lender based in Canada, not a deposit-taking institution. We give higher-risk loans than banks generally do, so we charge higher interest rates. However, our loans are less expensive than most payday providers.
Loans to pay a judgement: how it works
- apply online for a loan to pay a judgement. We are a direct lender, which means that you won’t need to pay any setup fees or commissions to a broker. Our application process is simple and takes just a few minutes to complete.
- wait for us to contact you. We’ll be in touch shortly after you apply online.
- if you’re approved for a loan to pay a judgement, then you’ll typically be funded within 24 hours. That means you can secure a quick resolution to repay your creditor.