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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?
Wiki User
∙ 18y ago
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.
Wiki User
∙ 18y ago
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What can be done about my sister forging my signature as a joiner in the custody of my daughter she wont let you see her?
If your signature was forged to a document, report it to law enforcement. That is a crime regardless of her family status to you.
Is judgment proof legal in Kentucky?
"Judgment-proof" means that even if a plaintiff obtains its civil judgment against its defendant, the defendant has no assets from on which the court can levy in proceedings in aid of execution to satisfy the judgment. It also generally implies that as a result the defendant is not worth being sued, because the possibility of ultimately recovering a money judgment is nil.Added: There is no such legal principle as judgment proof. It is not a defense to a lawsuit. One can obtain a judgment against a defendant, regardless of the ability to collect the judgment. Plaintiffs often choose to proceed against defendants who appear to be judgment proof because they believe that the defendant will eventually have assets or income against which to collect.You are correct. The status of being judgment-proof is as a matter of fact and not a matter of law. Which is why I used the word "implied" and not the word "holds". Therefore, it is legal to the extent that as a matter of fact the judgment cannot be satisfied.
What does status only judgment mean?
"Status only judgment" is a term used mainly in divorce law. It means that the court has ruled that the parties are now divorced, but that many issues may still need to be resolved, such as the division of property. The court reserves the right to revisit these issues should they arise. Status only judgment is usually given if the parties are in a hurry to be divorced for some reason, or if one of them refuses to participate in the divorce proceedings.
What types of discrimination are unlawful in granting or denying credit?
The Equal Credit Opportunity Act prohibits a creditor from discrimination in granting or denying credit. Discrimination is unlawful based on race or color, national origin, sex, marital status, age, religion, or public assistance status.
How can the homestead exemption help against foreclosure in a possible Chapter 13 dismissal?
It doesn't. The homestead exemption protects property from being seized in a bankruptcy procedure or by creditor judgment. The lender does not relinquish the right to foreclose on property regardless of the status of the bankruptcy filing. Bankruptcy only temporarily halts the foreclosure of secured property.
How long does a judgment stay on your credit report after it has been paid?
Judgments will remain on a credit report for the required 7 years regardless of the status.
How often can you pull your credit report?
The credit report holder can check his or her report as often as they choose. When you check your credit report it is considered a "soft inquiry" and will not affect your status.
When you divorce can you have your credit report reflect only half of the debt incurred on an account that was shared with your former spouse?
Sorry for the bad news, but the answer is no. The data in your CR will remain regardless of your marital status.
Can you have a judgment against me even if its not on credit report?
Yes, a credit report only reflects the information which is reported to the 3 credit bureaus (Experian, Equifax, and TransUnion) by Lexis Nexis which they gather from court public records. Even if a judgement is not being reported by the credit bureaus, you may still be liable for it. To find out the status of a judgement, contact the court where the judgement was placed.
What is status active on a civil jugement by a credit card company?
it means that the judgment is enforceable if they have obtained one on you
Can auto insurance companies charge you based on your credit report and not your driving record?
Auto insurance companies do not chrge you on the status of your credit report. They only look at your driving history.
What if you paid a judgment is it on your credit?
Most likely. Judgments are among the legal items which can be reflected on an individual's credit report. The others are tax liens, foreclosures and bankruptcies. The status (paid or unpaid) is beside the point with legal items. What is needed is for the judgment to have its' proper "disposition". This would be a Satisfaction of Judgment or an Order to Vacate Judgment (dismissal). The disposition needs to be granted in the same jurisdiction as the original judgment and be recorded. You could then forward a certified copy to all three credit bureaus in order for the item to be properly reflected. The impact to your credit is severe, but having a disposition is necessary to prevent the legal item from stopping future borrowing efforts.
How do credit agencies keep their information up to date?
Lenders, at their discretion, report the status of all their loans to the credit bureaus each month. The information that they report is not necessarily up-to-date or accurate.
What is usually involved with credit reporting?
A credit report involves computing a person's financial status using a score system. Credit reporting combines a person's money, credit, loans, debt, etc.
How do you remove a home loan from you credit report after bankruptcy it was listed on Bankruptcy.?
Bankruptcy information (and other legal actions like judgments) may stay on a credit report for up to ten years after the fact. If your credit report still reflects a bankruptcy after ten years, create a dispute/update request with the associated credit reporting company and include proof that the bankruptcy is older than ten years old (the state record of the original date of bankruptcy action is typically all of the proof one needs). Negative items (including home loans that may have been forgiven) may stay on your credit report for up to seven years after the occurrence, regardless of bankruptcy status. Similar to the process above, if there is negative information on your credit report after seven years, one can request an update/modification of the credit report by providing appropriate proof.
Will satisfying a judgment also satisfy the corresponding open debt reported in the accounts portion of the credit report?
Your question concerns two separate issues. A judgment is a legal action that is shown in the "public records" portion of your credit. Any legal item needs its' proper disposition. In the case of a judgment, the disposition is a "satisfaction of judgment". To obtain a satisfaction, the consumer would need to contact the courthouse (same jurisdiction) where the judgment was filed, show proof of payment and follow whatever legal procedure needed. The consumer would then need to have this satisfaction recorded. It is also a good idea to forward a recorded copy to the credit bureaus. An open debt in the tradelines, need to be updated to its' paid status, separate from the judgment.
If an account was included in bankruptcy can the creditor still show it as a charge off?
I think that your credit report would be updated to show that the account was "included in a Ch 7 bankruptcy." You should be able to get a free credit report from www.annualcreditreport.com if you want to check your credit report to be sure the account's status is listed correctly.
