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I was sued 10 years ago by a debtor and lossed but i never paid and they have never collected, is it passed the sol?
I was sued 10 years ago by a debtor and lossed but i never paid and they have never collected, is it passed the sol?
STATE: MISSOURI
Interest Rate
* Legal: 9%
* Judgment: 9%
STATUTE OF LIMITATIONS (IN YEARS)
* Sale of Goods: 4
* Open Account: 5
* Written Contract: 10
* Sales (UCC) Contract: 4
* Money & Property:
o Domestic Judgment: 10 (revived every 10 years)
o Foreign Judgment: 10 (revived every 10 years)
BAD CHECK LAWS (CIVIL PENALTY)
Three times face amount owed plus attorney's fees.
GENERAL GARNISHMENT EXEMPTIONS
See federal law; exempt 90% of week's pay, head of household, single person w/o dependable = 75%.
revived every 10 years means that the plaintiff can keep it on your report for ever if they are willing to keep going back to court.
the debt is not on my credit report any more and they havent tryed to take me back to court
judgment falls off
Hi Broge,
A judgment if not renewed within the 10 years, then the judgment expires. If the collection agency wants to collect the dues, they will have to file a new judgment against you. Thus, the judgment has fallen off your credit report after the 10 year period.
Hope this helps.
Regards,
Aaron