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.
The statement, "execution of judgment is stayed until final payment is received at which time judgment will be deemed satisfied" means that the judgment will be held against you until the debt is completely paid off. You can then get a letter of clearance to have the judgment removed from your credit report. Most debts will remain on a credit report for 7-10 years, even after they have been paid and satisfied.
No. It will show that you had a judgment on your credit report for up to seven years, but it will show a zero balance.
There is no statute of limitations on a judgment. The only way a judgment can be satisfied is to pay the debt and then it will be removed from your credit report.
A judgment will reduce you credit score. It takes about 7 years for an item on your credit report to be removed. You have to make a request for it to be remove from your credit after you 7 year period.
A satisfied judgment will remain permanently on the credit report unless you request the company or person takes it off. Most people do not look at a judgment that has been on there over 7 years.
Yes...once it is paid.
A judgment stays on your credit report until it is satisfied or for 14 years. Sometimes it will stay on your credit report past 14 years.
Satisfied judgments do not get removed from a consumer's credit report until 7 years from the date they were filed. You might get lucky and the judgment be shielded from view 7 years after the original legal action was filed (once the satisfaction shows). It is possible, and legal, for the satisfaction to show for 7 full years from it's filing date (which may be different from the judgment filing date).
A judgment stays on your credit report until it is satisfied or proven falls in a court of law. The only way to remove it is to pay it off.
A paid judgment stays on a person's credit report for seven years. An unpaid judgment also stays on the report for seven years, but may be renewed. Tax liens are another item that stay on a credit report for seven years, if paid. If not paid, they remain on the credit report indefinitely.
The judgment should be removed from your credit report 7 years from the date it was entered.
If a judgment was included in, and discharged by, your bankruptcy; there is no need to obtain a separate disposition. Write the credit bureaus and send a copy of your bankruptcy papers which show this judgment included. That should suffice to have the judgment removed from your report and the original tradeline from the debt marked "included in BK". Talk with an attorney or go to a bank that has a notary service.
A paid judgment will remain on the credit report for the full seven years. It will simply be marked paid or perhaps satisfied. It will also remain part of the public court records, there is no way to expunge it from either until the SOL expires.
== == 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.
You can have a credit dispute, if the agency reporting the bad judgment does not get back with the company disputing the judgment within 30 days, it HAS to be removed from your credit report. Example: I filed bankruptcy(?) on a auto repo. and the company did not take it off my credit report, I had my credit card company do a credit dispute, they did not respond within 30 days, and it was removed from my credit report.
The credit bureaus and the original creditor that filed the judgment are the only ones that can remove it. You can contact the original creditor and try to negotiate removal of the judgment upon payment. You can also dispute the judgment to the credit bureaus and they have 30 days to verify the judgment or it must be removed from your credit report.
Get a copy of your credit report from all 3 credit bureaus and file a dispute with each. They have a form you can fill out. You can get free credit reports from www.annualcreditreport.com
AnswerIf it was true and accurate, no. maybeThat is often state dependant, but you should be able to have it removed once the debt is paid. If it is not paid yet, it is considered outstanding debt, and will stay on your credit report. No a valid judgment will remain 7 years or indefinitely if the judgment creditor chooses to renew it.If a judgment is paid or settled the entry will reflect such, but the judgment will still remain on the CR for a minimum of 7 years.YesOnly the court or the credit bureaus can remove judgments on your credit report. You can dispute anything on your credit report to the credit bureaus that you believe to be inaccurate or erroneous.
Your creditor should do it. If not, go to the credit reporting agencies and try a dispute. www.annualcreditreport.com This is free. No subscription tricks.
No! By Federal Law all judgements must be removed from your credit report 7 years from the filin date.
If the judgment has been paid, the credit bureaus (such as Equifax, Experian and TransUnion) should reflect this in their credit reports. However, until the legislatively mandated time limits have expired, it will likely not be removed from the report.
I have a civil judgment against me and the mobile home wasn't in my name. It is showing up on my credit report. How do I dispute it?
No, judgments remain on a credit report for seven years. Some types of judgments are renewable and therefore can remain on a report an indefinite amount of time. If you are willing to pay a fine, why not just pay the judgment?
A foreclosure does not disappear from the public records section of a credit report. It is much like a judgment that is not satisfied. It stays on the report forever.
Depending on the state you live in, judgments can be renewed. If the person entitled to the judgment doesn't try to collect or renew, when the judgment expires, you should probably contact your court clerk to find out how to get it removed from all records.