The credit bureau is correct it is seven (7) years from the last date of activity. Source: The Credit Bible by Phil Turner.
If the judgment was reported to the credit bureaus, the tenant needs to pay it, get the judgment amended to zero by the court, and send that to the credit bureaus. However, the fact that there was a case can never be erased.
No need to do any reporting. When the eviction judgment was entered, the credit bureaus update their files and will put this on the defendant tenant's credit file.
I'd suggest disputing with the bureaus and saying "No judgment or settlement. Amount owed ZERO as per letter" Include the letter.
The credit bureaus receive public record information (such as judgements) from a third party service, Lexis Nexis.
Judgments are essentially lawsuits filed by a creditor that you owe money to. You generally can't get out of a judgment unless you go to court to fight it. You generally will have to pay a judgment willfully or by force to satisfy it. It will also show up on your credit report unless you dispute it to the credit bureaus. The credit bureaus have 30 days to verify it or it will be removed from your credit report.
The individual does not report a judgment award to the credit bureaus. This type of information is collected by operators who specialize in researching and retrieving public records and storing them in databanks. The records are then sold to various agencies, such as credit bureaus.
You will need to get a judgment in court for the bureaus to even begin to possibly care.
A judgment is typically placed on someone's credit report when a creditor takes legal action against them for unpaid debts and wins a judgment in court. This judgment is then recorded with credit bureaus and can negatively impact the person's credit score.
You can submit a copy of the satisfaction of judgment to the credit bureaus that this will improve your credit rating somewhat. The best thing to do is to ask the judgment creditor to stipulate to set aside the judgment and dismiss the case. You would need to send a copy of the order setting aside the judgment to the credit bureaus. You can try disputing the entry, but the existence of the judgment is a matter of public record.
Credit bureaus contract agencies to search public records. The judgment is then reported to the credit bureau and the notation is placed in the file of the judgment debtor. False/mistaken judgment entries on credit reports are not uncommon and is a major reason why consumer's should check their report on a regular basis. A civil judgment is entered on a credit report 15 to 30 days after a court proceeding. If the judgment is in fact true in nature, you can negotiate with the creditor to pay them on different terms to keep the judgment off. If the judgment is not yours, you will need to find the state and county in which they were filed and dispute this information with all three credit bureaus.
An individual cannot submit a court judgment to the credit reporting agencies; however the County will report the judgment to the bureaus only by using the complete name and address of the defendant.
The winning plaintiff can request a judgment be entered on the defendant's credit report by filing a copy of the judgment with the credit bureaus. This can negatively impact the defendant's credit score and make it difficult for them to obtain credit or loans in the future. Judgments typically stay on a credit report for a certain number of years, depending on the jurisdiction.