You didn't mention whether the debt has been paid in full. If it has then get documents from the court or the lender that prove that. Then submit in writing to all three major credit reporting agencies your docs with a letter of explanation. The P.R. judgement will stay on your report but it will be marked "satisfied" and then will not affect your getting a mortgage loan.
The judgment part indicates that the creditor has won the lawsuit and been awarded a judgment. The collection may indicate that the debt is still outstanding or has been paid. Public means, well simply that. Anyone who is interested can find out the information. For instance if there are delinquent taxes, resulting in a lien against real estate.
You can't. The fact that you have a judgment will stay with for years
== == A Deragatory record is an account that has had a history of late payments. A collection account is an account that was not paid on time or at all, and was closed by the creditor and sold to a collection agency.
Public records are filed by public offices and agencies. To get a record changed or deleted, you would have to contact the office that has the record in question. There is no guarantee you would be able to get them to delete or modify a record.
In Pennsylvania, civil judgments typically remain on public record for five years after they are entered by the court. However, creditors can renew the judgment for additional periods of time if they choose to do so.
what does this mean SERIOUS DELINQUENCY, AND DEROGATORY PUBLIC RECORD OR COLLECTION FILEDNUMBER OF ACCOUNTS WITH DELINQUENCYTOO FEW ACCOUNTS CURRENTLY PAID AS AGREEDPROPORTION OF LOAN BALANCES TO LOAN AMOUNTS IS TOO HIGH
The credit bureaus receive public record information (such as judgements) from a third party service, Lexis Nexis.
The expired judgment falls off your credit report when it expires or seven years after first being reported, whichever is longer.
If a judgment is in place the judgment holder can execute it under the provisions of the law of the debtor's state. It would not be necessary for the creditor to transfer the debt to a collection agency. That being said, a judgment is not transferrable, so if the original judgment holder did not record the judgment and take action they could not simply "pass it on" to another collector unless that collection agency was acting in their behalf and was part of the original suit.
How long a public record of judgments and other civil actions remain depends upon the laws of the state in which the judgment was granted. In some U.S. states such public records are truly permanent and are not expunged even when the named person dies.
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
How long does a credit judgement stay on credit repot in North Carolina