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NC If a judgment has been filed against you for a home equity loan on a house that has been lost to foreclosure how long is that on your credit record and can the judgment be refiled once it expires?
7 years,and can be refiled
How can you quickly remove a judgment from your credit report?
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.
How do you get rid of eviction on your credit report?
Eviction judgments are removed after the required 7 years have elapsed. In some instances, if the eviction resulted in a judgment and said judgment is renewable it can be reentered on the debtor's CR when renewed.
What is Florida's laws on the length of time a judgment stays on a credit report?
States do not establish laws for the regulation of information contained in the credit reports of consumers. Judgments remain on a CR for seven years from the time they are entered. Most judgments are renewable and therefore can remain on a report for an indefinite period of time.
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?
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.
How long does a judgment discharged in bankruptcy stay on credit report?
The state of residence is not applicable when it relates to credit reports. A judgment will remain on the CR for seven years, but judgments are renewable and therefore if it is renewed it can be reentered on the judgment debtor's CR
How long does a judgment stay on your credit report in South Carolina?
In South Carolina, judgments can stay on your credit report for up to seven years from the date they were filed. However, if the judgment is satisfied or settled before the seven-year period, it may be removed earlier.
How do you get rid of judgment?
Valid judgments remain on the debtor's credit report for seven (7)years. They cannot be expunged before that time. If the debtorpays or settlesa standing judgment it will be marked"satisfied" itwill, however, remainfor the required time limit. Most judgments are renewable. When a judgment is renewed it can be reentered on the judgment debtor's credit report. If that happens it will remain for another seven (7) years until paid. This is only one of several reasons why judgment/liens are extremely damaging for a judgment creditor.
How do you remove a judgment from your credit report?
Judgments and other negative information that is valid cannot be removed from a credit report until the required time limit of 7 years (usually from the DLA) has expired. Most judgments are renewable and therefore can be reentered on a credit report and remain an idefinite period of time.
How long does a bad debt stay on your record?
Negative credit information remains on a credit report for seven (7) years from the time it is reported. Chapter 7 bankruptcy remains for ten (10) years from the time of discharge or reportage to the credit bureaus. In some cases judgment liens they also expire after 7 years unless/until the lien holder renews the judgment. If a judgment is renewed, most can be, it can be reentered on the judgment debtor's CR and will remain until satisfied or the time once again expires. This is only one example of why judgment liens are so damaging for the judgment debtor.
Will it hurt you in being able to buy a house or car if you lose a civil suit against you?
Probably, in most cases a judgment is entered against the defendant. A judgment will remain on a person's credit report for seven years from the time of entry and if renewable can be reentered on one's CR. The length of time a judgment remains public record depends upon the laws of the state in which the judgment is entered.
Does a judgment still stay on your credit report after 7 years if the status says filed or will it come off the credit report after 7 years regardless?
Some judgments will be removed according to the seven year time limit some will not. Many judgments are renewable, if that is the case the judgment can stay or be reentered on a CR. The "filed" indicates when the judgment became valid, and that is the date from which the seven year time frame usually begins.
