Valid negative information cannot be removed from a credit report. The account information will remain on the CR for the required seven years and should be marked accordingly. Be aware, that regardless of what some debt counselors/agencies claim, valid information CANNOT be removed from a CR until the 7 year time limit has expired.
If it was not paid in full or settled, the judgment may have been renewed by the judgment holder. Most judgments are renewable and can be kept on a credit report for an undetermined amount of time.
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.
A credit report will show that an account is either active or settled. If the account is settled, it means that it has been paid and is closed.
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.
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.
Yes...once it is paid.
A satisfied judgment can typically stay on your credit report for seven years from the date it was filed. Even after it is satisfied, it may still appear on your credit report for the full seven-year period, but with a notation stating that it has been paid.
== == 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.
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.
Did you file a satisfaction with the courts?
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 is a court order giving a creditor or someone who is owed money (such as money that was borrowed from a friend) the legal right to collect the debt in accordance with the laws of the state. The term "outstanding" indicates the judgment has not been paid or settled, but is still valid. A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.A judgment that has been awarded to the judgment plaintiff but has not been paid by the judgment debtor.