Can you renew judgments in NY?

Answer 1

Judgements remain on your credit report for seven years from the dast of last activity or date of last payment.

Judgements cannot be renewed, unless you contact that creditor to either settle on that debt, or call to ask a question. This is the only time the date of last activity renews itself.

My suggestion is if it is not over the seven year "SOL" then save enough money to settle on this debt with at least .10 cents on the dollar, or 30% of the balance owed.

Once your ready to contact the creditor, speak to the "Manager of the Department" to settle for no more then 30% of the balance. Make sure you get this agreement in writing before making a payment.

Once you receive this document (have them fax it to you within that same day) make a debit card payment over the phone with that representative.

Once you have made this payment, request for another letter stating that the account is now "Paid in Full". This will help you avoid the remaining balance that was not paid to be sold to another "third party" collection agency.

Good Luck!

Yes, a judgment in NY generally remains valid for 20 years or until paid. It must be, and can easily be, renewed to remain valid for another period.

(I would note that many of the above posters comments are simply wrong and ill informed, perhaps stemming from being seen originally in her commercial context postings trying to entice people to use a service that claims to get rid of debts.....all of which have been identified as scams preying on the vulnerable by every Consumer group I've ever seen).