I have a judgement against me form 2006 (of which I was not informed until after the fact), how long will this stay on my credit report dragging down my credit scores?
Judgments on Credit Records
The Fair Credit Reporting Act [15 USC Section 1681c]
(a)Information excluded from consumer reports...
(2)...civil judgments...that from date of entry, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period.
So, 7 years from the date of entry, or longer, if your state has legislation which allows it report longer.
Here is input from others:
A judgment remains on a consumer's credit report for 7 years from the "date of entry, or until the governing statute of limitations has expired, whichever is longer". This time period applies to each legal action. Under certain circumstances and certain state's laws, judgments can be renewed. The renewal of a judgment would allow it to show on a credit report for 7 years from the date of renewal, if allowed by state law.
Generally seven, although most judgments are renewable in which case it could be on a cr a very long time. If paid it would be listed as "satified" and be expunged after the 7 years expired.
Hi Plow
I agree with CMBV on this point. Actually a judgment against you stays on your credit report for 7 years from the date of entry in your credit report or until the time the SOL in your state expires, whichever is later.
Plow this is a very long time for that judgement to be remaining. Sometime in the next fewq years it may come back to bite you.. If you are not sure why it is their and was unaware of it I would be doing a little checking up to see how it got there without your knowledge. It is already there and wouldn't hurt you to just look into it for your own sake. Good Luck.
I have a judgement against me form 2006 (of which I was not informed until after the fact), how long will this stay on my credit report dragging down my credit scores?
I read on another website that if you paid your judgement and you were not served you can filea motion to have it removed from your CR. This is b/c the proper procidure wasnt followed by the court.
Judgments on Credit Records
The Fair Credit Reporting Act [15 USC Section 1681c]
(a)Information excluded from consumer reports...
(2)...civil judgments...that from date of entry, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period.
So, 7 years from the date of entry, or longer, if your state has legislation which allows it report longer.
Here is input from others:
A judgment remains on a consumer's credit report for 7 years from the "date of entry, or until the governing statute of limitations has expired, whichever is longer". This time period applies to each legal action. Under certain circumstances and certain state's laws, judgments can be renewed. The renewal of a judgment would allow it to show on a credit report for 7 years from the date of renewal, if allowed by state law.
Generally seven, although most judgments are renewable in which case it could be on a cr a very long time. If paid it would be listed as "satified" and be expunged after the 7 years expired.
Hi Plow
I agree with CMBV on this point. Actually a judgment against you stays on your credit report for 7 years from the date of entry in your credit report or until the time the SOL in your state expires, whichever is later.
Plow this is a very long time for that judgement to be remaining. Sometime in the next fewq years it may come back to bite you.. If you are not sure why it is their and was unaware of it I would be doing a little checking up to see how it got there without your knowledge. It is already there and wouldn't hurt you to just look into it for your own sake. Good Luck.
I have a judgement against me form 2006 (of which I was not informed until after the fact), how long will this stay on my credit report dragging down my credit scores?
I read on another website that if you paid your judgement and you were not served you can filea motion to have it removed from your CR. This is b/c the proper procidure wasnt followed by the court.