The majority of judgments can be renewed, indefinitely. Some, such as liens on real property are good for twenty years and can also be renewed. The type of judgment and the state laws need to be taken into consideration.
It does come off; however, you may still be obligated to pay. If the plaintiff renewed the judgment, they can still pursue you for payment.
No, judgments typically remain on your credit report for 7 years. I work in the industry and can see judgments on peoples credit that have been there since the late 70's. It is all public record and will never complete go away until a satisfied judgment is certified and recorded with your local court house.
You cannot be sued twice for the same debt or sued again on a debt that has already been reduced to judgment. By law, a judgment can stay on your reports for the term of the judgment or the 7-1/2 years, though most will come off in the usual time frame. If the judgment remains unpaid and valid, it could be put back on your reports. A judgment creditor can still summon you to court for a debtor's exam on an unpaid judgment.
never will its been 2 years
The Judgment of Paris is a Greek myth.
Michelangelo's painting of the last judgment was and still is. The actual last judgment is still to come.
M
i can only speak for new york, but i am sure most states are similar...in NY a judgment is enforceable against real property for 10 years...it remains an individual debt for 20 years...it all depends on the statute in your particular state...my suggestion...call a nationally recognized title company in your area and speak with a title officer...the only thing that makes a judgment go away is a document called a Release or Satisfaction
it never did come out ive been searching for it for years
Letting the judgment come off would save you some money. However, it is important to note some states allow judgment suits to be renewed once or even several times. Check into your state laws. If the judgment is renewable and the creditor decides to renew, paying the judgment may be in your best interest of your credit worthiness.
Yes, if the employer pays for a judgment search to take place. However, judgments can only legally reported under FCRA for the past 7 years to conduct a judgment search.
not in the next couple of years... maby never