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Credit Reports

A report detailing one's borrowing and repayment record used to determine one's credit reputation. It is used by lending institutions to find the subject's credit worthiness.

500 Questions

Does Illinois allow for judgments to be renewed after 7 years?

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Asked by Wiki User

No, judgments in Illinois cannot be renewed after 7 years. The statute of limitations for enforcing a judgment in Illinois is typically 20 years, which means that the creditor has up to 20 years to try and collect on the judgment.

Can you dispute a judgment if its past 7 years?

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Asked by Wiki User

It may be difficult to dispute a judgment after 7 years as it may be considered time-barred under the statute of limitations. However, you can consult with a legal professional to explore your options, as the specific laws and rules governing judgments can vary by jurisdiction.

How long do civil judgments stay on credit report in tx?

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Asked by Wiki User

In Texas, civil judgments can appear on your credit report for up to seven years. However, if the judgment remains unpaid, it can continue to negatively impact your credit report until it is resolved. It is important to address any civil judgments promptly to avoid long-term credit consequences.

Can an unpaid judgment be colleced after 15 years?

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Asked by Wiki User

It depends on the statute of limitations for collecting judgments in the specific jurisdiction. Some jurisdictions have limits on how long a creditor can enforce a judgment, while others may allow indefinite enforcement. It is advisable to consult with a legal professional to determine the specific rules in your situation.

What is the law concerning Credit Bureaus must have verifiable proof of the foreclosure account in their files if they are going to report the negative item on your report?

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Asked by Wiki User

Credit bureaus are required to investigate and verify the accuracy of information they report, including foreclosure accounts. If you dispute the foreclosure on your credit report, the credit bureau must investigate and ensure that there is valid proof of the foreclosure before reporting it. If the credit bureau cannot verify the information, they must remove it from your credit report.

How long do civil judgments stay on credit reports?

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Asked by Wiki User

In general, civil judgments can stay on credit reports for up to seven years from the date they were filed. However, some states have specific laws that may affect this timeframe. It's worth noting that paid judgments will still appear on credit reports but may have a less negative impact on credit scores than unpaid judgments.

Does Texas report late child support to credit bureau?

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Asked by Wiki User

Yes, in Texas late child support payments can be reported to credit bureaus if the amount due is at least $1,000 and is at least 90 days delinquent. This can impact the non-custodial parent's credit score. It's important to stay up to date on child support payments to avoid negative consequences.

How long do nh small claims court judgments stay on credit report?

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Asked by Wiki User

Small claims court judgments can remain on a credit report for up to 7 years, affecting a person's credit score and ability to obtain credit or loans during that period. It is important to address and resolve any outstanding judgments to prevent negative impacts on credit.

How does the equal credit opportunity act guarantee fairness?

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Asked by Wiki User

The Equal Credit Opportunity Act ensures fairness by prohibiting lenders from discriminating against applicants based on factors such as race, color, religion, national origin, sex, marital status, age, or receiving public assistance. This helps to provide all individuals with an equal opportunity to access credit and loans.

Does a debt collection agency have to go to court to collect?

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Asked by Wiki User

Not necessarily. A debt collection agency can attempt to collect a debt through various means such as phone calls, letters, and negotiation. However, if the debtor disputes the debt or refuses to pay, the agency may choose to take legal action and go to court to enforce the debt.

How does Lexington Law improve credit scores?

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Asked by Wiki User

Lexington Law improves credit scores by identifying and disputing inaccurate or questionable items on credit reports, such as errors or outdated information. They work with credit bureaus and creditors to address these issues and help clients establish positive credit behaviors. Over time, this can lead to an increase in credit scores.

How can Lexington Law improve credit scores?

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Asked by Wiki User

Lexington Law helps improve credit scores by reviewing credit reports for errors or inaccuracies, disputing negative items with credit bureaus on behalf of clients, and providing guidance on building positive credit history. They can also offer personalized credit repair strategies and advice on managing credit effectively.

How long do a county court judgement last for?

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Asked by Wiki User

A county court judgment typically lasts for 6 years from the date it was issued. After this period, the judgment may no longer appear on the individual's credit report or be enforceable through legal means.

How long before a judgment is enforced?

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Asked by Wiki User

The time it takes to enforce a judgment can vary depending on the specific circumstances involved, such as the complexity of the case, the availability of the parties involved, and any potential appeals. In general, it could take anywhere from a few weeks to several months for a judgment to be enforced. It's important to follow up with the appropriate legal authorities to ensure the timely enforcement of a judgment.

Can a foreclosure go onto your credit report if it is your deceased moms house and it is in probate?

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Asked by Wiki User

Yes, a foreclosure on your deceased mother's house can potentially impact your credit report if you are listed as a responsible party on the loan or property title. The property being in probate does not automatically shield it from foreclosure proceedings. It is essential to consult with an attorney to understand your obligations and options in this situation.

How long do civil judgments stay on credit report in sc?

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Asked by Wiki User

In South Carolina, a civil judgment can stay on your credit report for up to seven years from the date it was filed, as per the Fair Credit Reporting Act (FCRA) guidelines. This can negatively impact your credit score and ability to secure credit or loans during that time period. It's important to address and satisfy the judgment to prevent further credit implications.

What are some loopholes in judgments?

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Asked by Wiki User

Some common loopholes in judgments include ambiguous language, inconsistencies with existing laws or precedents, lack of thorough reasoning or evidence, and biased decision-making. These loopholes can undermine the validity and fairness of a judgment.

How much do you spend on gas in a year with a hummer?

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Asked by Wiki User

The amount spent on gas for a Hummer can vary depending on how much it is driven, current gas prices, and the fuel efficiency of the vehicle. On average, a Hummer H2 can get around 10-14 miles per gallon, and if you drive around 15,000 miles a year, you could spend anywhere from $3,000 to $4,500 annually on gas.

How does a Deed in Lieu Foreclosure affect Socia security benefits?

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Asked by Wiki User

A Deed in Lieu Foreclosure can impact Social Security benefits if the forgiven debt is reported as income, potentially increasing the recipient's income and affecting benefit eligibility. It is important to consult with a tax professional to understand the implications on Social Security benefits.

When a credit card company files a lawsuit how do they determine jurisdiction the credit card was opened in Florida the collection agency is in Massachussetts and you live in South Carolina?

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Asked by Coffeedink1980

Jurisdiction in a credit card lawsuit typically depends on where the contract was formed (Florida in this case) and where the debtor (you) resides (South Carolina). However, laws can vary, so it's best to consult with a legal professional.

Do Civil Judgments have expiration dates?

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Asked by Wiki User

In most cases, civil judgments do not have expiration dates. They remain valid until they are satisfied or released through appropriate legal processes. However, the laws regarding enforcement of judgments can vary by jurisdiction.

Which law gives you the right to know what is contained in your credit report?

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Asked by Wiki User

The Fair Credit Reporting Act (FCRA) gives individuals the right to know what is contained in their credit report. This law entitles consumers to request and review their credit report from credit reporting agencies to ensure accuracy and address any errors.

What is the position of atty diogenes c villarubia in the bureau of internal revenue in the Philippines?

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Asked by Wiki User

As of our latest information, Atty. Diogenes C. Villarubia is the Assistant Commissioner of the Legal and Inspection Group at the Bureau of Internal Revenue in the Philippines.

How long will a civil judgment remain on public record in pa?

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Asked by Wiki User

In Pennsylvania, civil judgments typically remain on public record for five years after they are entered by the court. However, creditors can renew the judgment for additional periods of time if they choose to do so.

What is the purpose of law reports?

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Asked by Wiki User

Law reports serve as authoritative records of court decisions and legal precedents. They provide summaries of legal cases and judgments, which help legal professionals understand how the law is interpreted and applied in practice. Law reports aid in legal research, education, and the development of the legal system.