Yes, you need to dispute this with the three major credit reporting agencies. PLEASE PLEASE PLEASE always save your paperwork for things like this. A little bit of diligence goes a long way. Send them a letter stating that you dispute it. Send whatever evidence that you have along with it. Usually judgments stay on your credit report from anywhere from 7-20 years. In this case you need to dispute it, after you send them the dispute with your evidence the three credit reporting agencies will go over your credit history and hopefully it will be removed. Good luck to you.
The judgment is not "removed" but the judgment creditor is barred by the discharge from collecting on the judgment. Filing a c. 7 will stay the collection, but if the case is dismissed before a discharge is granted, the judgment is enforceable. If the judgment involves intentional harm or drunk driving or certain other limited situations, the discharge does not prevent collection on the judgment.
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.
It wount be a collection aggency. But the city can put a judgment on your credit report that will effect your credit score.
In New Jersey, a judgment can stay on your credit report for up to 10 years. However, it may be possible to have it removed earlier by resolving the debt or through certain legal procedures.
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.
Yes. There is no federal or state law which compels or requires credit reporting. It is totally voluntary. There are costs for creditors to place data on credit report and to update that data. While it is possible, and all consumers should certainly attempt to have collection accounts removed, you also need to be aware that it is unlikely.
What clock on collection? (The time it is reported for on your credit report has nothing to do with how long the debt is actually owed).
No the collection will not be removed from the credit report. They will show it paid in full.
The judgment should be removed from your credit report 7 years from the date it was entered.
It is supposed to be removed from your report, unless the judgment was rendered for a longer period of time Or if the judgment is renewed (which is not too likely).
To get a 'satisfied' judgment removed from your credit report, you can contact the credit reporting agencies and dispute the information. Provide any documentation that shows the judgment has been satisfied. You may also need to reach out to the creditor or court that issued the judgment to request that they provide confirmation of its satisfaction to the credit bureaus.