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How long does a satisfied judgment remain on New York resident credit report?

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2014-09-17 21:14:56
2014-09-17 21:14:56

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.

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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.

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 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.

== == 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.

Valid judgments remain on the debtor's credit report for seven (7)years. They cannot be expunged before that time. If the debtorpays or settlesa standing judgment it will be marked"satisfied" itwill, however, remainfor the required time limit. Most judgments are renewable. When a judgment is renewed it can be reentered on the judgment debtor's credit report. If that happens it will remain for another seven (7) years until paid. This is only one of several reasons why judgment/liens are extremely damaging for a judgment creditor.

If the judgment was granted against someone other than the deceased the judgment is still valid and will remain until it is satisfied or paid in full.

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.

You can't do either. The judgment will remain until the expiration date. The judgment even if paid will remain for seven (7) years.

No, judgments typically remain on your credit report for 7 years. I work in the industry and can see judgments on peoples credit that have been there since the late 70's. It is all public record and will never complete go away until a satisfied judgment is certified and recorded with your local court house.

Bankruptcy. Bankruptcy will not remove a judgment from the debtor's credit report. The judgment will still remain for the required time if it is discharged in bankruptcy, settled or paid in full. Valid judgments remain for the required 7 years. Most judgments are renewable and can be reentered on the debtor's credit report whenever that action is taken.

The state of residence is not applicable when it relates to credit reports. A judgment will remain on the CR for seven years, but judgments are renewable and therefore if it is renewed it can be reentered on the judgment debtor's CR

Negative credit information remains on a credit report for seven (7) years from the time it is reported. Chapter 7 bankruptcy remains for ten (10) years from the time of discharge or reportage to the credit bureaus. In some cases judgment liens they also expire after 7 years unless/until the lien holder renews the judgment. If a judgment is renewed, most can be, it can be reentered on the judgment debtor's CR and will remain until satisfied or the time once again expires. This is only one example of why judgment liens are so damaging for the judgment debtor.

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?

The judgment will remain in the Public Records section of the credit report for seven years. In some instances a judgment can be renewed,if so, it can remain on the credit report indefinitely. There is nothing that can be done to have the data removed from the CR before the required expiration date.

Most judgments will remain on a CR for seven years. Some judgments are renewable, in which case it can remain on a report indefinitely.

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.

Judgments remain in the public recoreds portion of a credit report for 7 years. Most judgments are renewable and can be reentered thereby making it possible for a judgment to remain on the CR for an undetermined amount of time. Until a judgment is paid in full or satisfied, it is valid and enforceable and can impact any future financial transactions. The FCRA (Fair Credit Reporting Act) Statute of Limitations is 7 years for reporting, even if the Judgment is renewed by the Plaintiff who has the judgment against you, it cannot report after the SOL has run its' course.

Judgments will remain on a credit report for the required 7 years regardless of the status.

Generally such a judgment will remain on a credit report for seven years. Some judgments are renewable, state laws determine which ones.

Not if the debt was discharged in the bankruptcy. If the judgment was on the credit report before the bankruptcy was filed and/or was discharged in the bankruptcy, the entry will still remain on the CR for seven years.

Yes, but it will remain on your credit *as paid* for ten years.

The judgment creditor must be paid in full according to the terms of the judgment order. Most judgments are renewable and can remain on a credit report indefinitely until paid.

The majority of judgments are renewable and therefore can remain a part of public records indefinitely. A judgment will remain on a credit report for the required seven years and when/if it is renewed it can be reentered on the CR.

Yes. If the judgment resulted in a lien against property. Even though the judgment will be discharged in the BK. The lien will remain on the property and the item will remain on the CR. Due to the negative effect of a BK, the additional notice of a judgment, is rather insignificant.

Judgments remain on your report 7 years from the filing date


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