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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 stays on your credit report until it is satisfied or for 14 years. Sometimes it will stay on your credit report past 14 years.
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 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 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.
They go before a judge and explain how the payment for that credit card was not made and what is owed including collection costs. The cost of judgment is then added to the total and that becomes the collectors judgment. That stays on your credit report for a long time so avoid!
States do not establish laws for the regulation of information contained in the credit reports of consumers. Judgments remain on a CR for seven years from the time they are entered. Most judgments are renewable and therefore can remain on a report for an indefinite period of time.
A judgment is bad to have on your credit for a number of reasons. 1) It stays on your credit report for 10 years. Most negative items only stay on for 7 years. 2) Judgments are public record. So anyone can look this up and see this judgment with your name attached to it. 3) A judgment will knock around 100 points or more (depending on what your existing score is) off your credit score.
It stays on your credit report 7 years from the date of settlement not the date of repossession.
Generally speaking, at some point the creditor is not going to spend the money to keep a deragatory on your credit report. In the case of Bankruptcy it stays on you credit report for 10 yeas. In the case of foreclosure it stays on your credit report for 7 years.
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.
The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.