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How long does a judgment stay on your credit report and does the time limit start from the day it is filed or from the day it's paid off?
Wiki User
∙ 14y ago
== == A judgment will remain on a credit report for the full 10 years. If it is paid it will still show on the report as "satisfied" or similar wording. The time is determined by the date the judgment is issued.
Wiki User
∙ 14y ago
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Does a judgment still stay on your credit report after 7 years if the status says filed or will it come off the credit report after 7 years regardless?
Some judgments will be removed according to the seven year time limit some will not. Many judgments are renewable, if that is the case the judgment can stay or be reentered on a CR. The "filed" indicates when the judgment became valid, and that is the date from which the seven year time frame usually begins.
How can you get a 'satisfied' judgment removed from your credit report?
Negative information cannot be removed from a credit report until the time limit for the debt has expired. The time limit for most judgments is 7 years.
If you paid your rent late two years ago and the landlord filed a judgment against you how can you have it removed from your credit report if you're still in the apartment and the rent is current?
Once the judgment has been entered into the public records portion of a credit report it will remain for the required amount of time generally 7 years. If the judgment is renewed it can remain indefinitely. Negative information placed on a CR cannot be expunged until the required time limit has expired.
How do you remove a judgment from your credit report?
Judgments and other negative information that is valid cannot be removed from a credit report until the required time limit of 7 years (usually from the DLA) has expired. Most judgments are renewable and therefore can be reentered on a credit report and remain an idefinite period of time.
Can judgments be disputed or is there a time limit?
There is no time limit regarding the dispute of information on your credit file. The Fair Debt Collection Practices Act provides a time limit for disputing a collection account, with exceptions and limitations. You can dispute a judgment by the same means as any other item on your credit report. You should be aware that legal entries in the public record portion of your credit report have different methods of getting on your credit and different standards of verification.
How long does it take for a judgment to be removed from your credit report?
Normally for a judgment to be withdrawn from your credit report, it is supposed to be cleared after 7 years. A judgment remains on a credit report for seven years from the time it is entered. Many judgments are renewable and can therefore be reentered making it possible for them to stay on the public records portion of a CR for an undetermined amount of time. The time limit for a bankruptcy entry to remain on a CR is ten years from the date of discharge or in some instances a dismissal. Valid information that is negative cannot be removed until the time limit has expired. In most cases positive information will become a permanent part of a person's credit history.
What should I do if a judgment shows on my credit report that has already been settle?
Anytime a consumer has a legal item in the "public records" portion of their credit report, the item must have its' proper disposition. For a judgment this is either a Satisfaction of Judgment or an Order to Vacate Judgment (dismissal). Depending upon your state's laws and rules of civil procedure, you may be able to request the judgment be vacated. If the time limit has expired for you to make that request, your next option would be to show proof to the court that the judgment was paid. Take whatever legal steps are needed to obtain a Satisfaction. The steps will vary from jurisdiction to jurisdiction. You should be able to contact the Clerk of Courts for information on the procedure and fees. Have the disposition recorded at the same courthouse the original action was filed at. Send a copy of the Satisfaction to all credit reporting agencies. A satisfied judgment is still considered a derogatory and will continue to impact your credit. But having the disposition showing will no longer hinder your efforts to borrow, provided your credit passses in all other respects. A vacated judgment should be removed from your credit report completely.
How do you get rid of judgment?
Valid judgments remain on the debtor's credit report for seven (7)years. They cannot be expunged before that time. If the debtorpays or settlesa standing judgment it will be marked"satisfied" itwill, however, remainfor the required time limit. Most judgments are renewable. When a judgment is renewed it can be reentered on the judgment debtor's credit report. If that happens it will remain for another seven (7) years until paid. This is only one of several reasons why judgment/liens are extremely damaging for a judgment creditor.
On a credit report is the credit score affected when the recent balance exceeds the original credit limit amount?
yes it does i have the same problem and i checked my credit report and it was not as good because of that. they only give you a limit of so much and when you owe them more then what they gave you then that means you went over the credit limit.
How would you find the available credit limit for cardholder?
Listed besides card on credit report
If the SOL is 10 years in South Carolina can you still have a judgment removed from your credit report after seven years?
The SOL for filing a lawsuit to recover monies owed has no correlation with the time limit for a negative entry on the consumer's credit report. Judgments may or may not be subject to expungement from credit reports after the 7 years from date of entry has passed. Most judgments are renewable and can remain on a credit report for an indefinite period of time.
Why can a credit card company lower your credit limit without your consent?
The CC Company may have seen an increase risk when they saw on an updated credit report/score. It could be a late payments, collections or any other derogatory item on your credit report that triggered it. The CC have the power to limit or increase your credit limit to lower their liability.
