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After 5 years it goes dormant then they have 10 years to renew it but cant get additional interest between dormancy and renewing.
In North Carolina, judgments are valid for 10 years and they can be renewed for another period of 10 years. The creditor must file a new action and have the debtor served.
In New York, a civil judgment is good for 10 years, renewable once for another 10 years. Good luck!
if it was a judgment they can collect it for 10 years in most states and they can renew it as many times as they want for another 10 years if it is not and judgment then in most cases depening on where you live it is 5-7 years then SOL comes into play.
In general, judgments are enforceable for a certain number of years, typically around 10-20 years depending on the jurisdiction. After this time period, the creditor may need to take steps to renew or extend the judgment to continue enforcement actions. It's advisable to seek legal advice specific to your situation and jurisdiction for accurate information.
Yes, a civil judgment is good for 10 years from the date of the judgement. Once that 10 years is up they can renew the judgment again for another 10 years... After that 10 years its a dead judgment.
In South Carolina, a judgment is valid for 10 years and can be renewed for an additional 10 years. After 20 years, the judgment will no longer be enforceable.
how much does it cost to renew your license after 10 years
In California, a small claims judgment is typically valid for 10 years and can be renewed for an additional 10 years if necessary. This means the creditor has up to 10 years to try to collect on the judgment before it expires.
A judgment in South Carolina is generally enforceable for 10 years, but can be renewed for an additional 10-year period if necessary.
In the majority of cases a judgment will remain on you record for 7 years. In the case of Chapter 7 bankruptcy, the judgment can be reported for 10 years. The FCRA (Fair Credit Reporting Act) allows for a judgment to be reported for a period of no longer than 7 years, but this is not mandatory for every state. Your local state laws may indicate a shorter or longer period in which the judgment remains active. Most states comply with the 7 year period as a fair guidance for collection agencies and credit bureaus. A creditor can go back to court and renew a judgment before it lapses. The renewed judgment would extent the life of the debt for another 7 years.
It depends on if it was a small claims judgment or a civil judgment. Small claims are good for 6 years from the date of judgment and civils are good for 10 years. The judgments can be renewed before they expire.