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If a judgment was removed from your credit report after 10 years and the creditors sent you a second judgment for the same account and restart payment will it go back onto your credit report?
Wiki User
∙ 19y ago
Yes, more than likely it will be reentered on the CR. Many judgments are renewable and therefore can remain on a report an indefinite period of time.
Wiki User
∙ 19y ago
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What happens if a judgment creditor places a levy on a bank account and the account balance is less than the judgment amount?
You get fined a fee by the bank, your account is frozen, and they will probably come after your paycheck through garnishment (even if the levy is removed) Levy is a step, garnishment follows.
How do you get a lender to remove late payments from your credit report?
You can contact the lender and ask to have the late payment removed. They might remove it if you have had a good payment history in the past with them. You could also negotiate to pay off the balance to have it removed.You can send dispute letters to the credit bureaus asking for verification on the account. If the account is not verified with in 30 to 45 days it must be removed.
Can a creditor file a judgment after 9 years?
not if you never had any activity on the account after 7 years they have to remove it you can request that it be removed by contacing the 3 credit agencies
Can an original creditor have a debt removed from your credit report in exchange for payment even though it is already listed as a collection account?
It can't be removed from your credit report even if you pay in full. It will say "settled" and paid in full, but the red marks will still show other creditors that you had some trouble with this debt. It will take the full 7 years to clean up. *Once again the person who made the report to the credit bureau can have it removed as an invalid or incorrect entry. It also is not always seven years.
Can late payments come off your credit report?
Yes late payments can come off your credit report. They can be removed by either the original creditor that put it on there or by the credit bureaus. You can dispute late payments on your credit report with the credit bureaus using the Fair Credit Reporting Act. The FCRA requires the credit bureaus to contact the creditors to verify the late payment. If the late payment isn't verified it must be removed.
Can your bank account be levied for a credit card charge off?
A charge off does not define the debt as invalid or uncollectable. It is a designation used by creditors to indicate the debt is being removed from their normal accounting methods and sent into collection action. If the creditor sues the debtor and receives a judgment (they always do) the judgment can be used as a levy against the debtor's bank account.
Can a creditor freeze bank accounts in New Jersey?
A judgment creditor can levy a bank account(s) held by the judgment debtor. An account can be frozen by the court when it appears that funds might be removed and/or transferred to avoid the judgment levy or to allow the judgment debtor to claim exempted funds in the account(S) or when the account is jointly held by a person who is not a judgment debtor. A joint account holder who is not a judgment debtor is required to present documents proving to the court the amount of funds that belong to them and which are not subject to a judgment levy. In some instances when an account is held jointly by a married couple and only one spouse is the named debtor the entire account will be exempted from a judgment creditor levy.
What does execution of judgment is stayed until final payment is received at which time judgment will be deemed satisfied mean and will the judgment actually be filed as to reach my credit report?
This statement means that the enforcement of the judgment will be postponed until the final payment is made. Once the payment is received in full, the judgment will be considered satisfied. While the judgment may still be filed on your credit report, it should reflect that it has been satisfied once the payment is received.
What happens if a judgment creditor places a levy on a bank account and the account balance is less than the judgment amount?
You get fined a fee by the bank, your account is frozen, and they will probably come after your paycheck through garnishment (even if the levy is removed) Levy is a step, garnishment follows.
Can 30-60 days late payment history be disputed or removed from your credit report after the account has been closed?
yes
When and how are judgment liens removed?
they are removed by the act of filing a satisfaction of judgment with the county clerks office
If paid medical accounts are listed as charge offs can they be removed or at least not shown as charged off?
Sorry, No. Payment in full of any type of account will not change the payment history.
How do you remove a lien on your checking account?
Pay the amount of the lien to the lien holder, then give him/her the prescribed amount of time to remove the lien. You can do that in writing and make sure it's sent by certified mail and/or paid by an independent third party acting on your request. Your state will have a requirement that the lien be removed within a given period of time following payment. If the lien is NOT removed after you pay the bill, you may have legal recourse.
Is it legal for a creditor not to accept the full payoff of a judgment choosing to keep it on your credit report with no intentions on executing it?
It's not illegal for a creditor to refuse payment in full, but it would be a very unusual for them to do so. A possible problem might be that the debtor is attempting to make an agreement to pay the account or judgment if it is removed from the person's CR, however, that is not possible. An account that is paid in full that contains adverse information will remain on the credit report for the required seven years and be noted as "paid as agreed" or "paid in full". A creditor or collection agency cannot have the account removed from the report once the entry has been made. A paid judgment will also remain on the CR for the required seven years even though it has been paid.
Can two different creditors report the same account on your credit report?
I had the same issue, and technical they can sometimes be a double reporting on your account. You have the right to send that in as a dispute, requesting that one of entries be removed, as these double entries do effect your credit.
How do you get a negative collection account to report positive on a credit report?
In order to repair an account you need to have the part of the account which is derogatory deleted. For example, If you have an account with a late payment, that late payment would either have to be removed or repaired for the account to become positive. Here are some tools to get this accomplished: 1. Goodwill intervention 2. Late payment validation 3. Escalated info request 4. FTC Complaint followed by another late payment validation You can either do this all yourself or you may hire a Credit Repair Company to do this for you.
How do you get a lender to remove late payments from your credit report?
You can contact the lender and ask to have the late payment removed. They might remove it if you have had a good payment history in the past with them. You could also negotiate to pay off the balance to have it removed.You can send dispute letters to the credit bureaus asking for verification on the account. If the account is not verified with in 30 to 45 days it must be removed.
