Judgements can stay longer on a credit report. Usually ten years is the norm. Plus the judgement can usually be renewed for another ten years if it hasn't been paid off. State laws vary widely so make certain to get the correct info.
In his first post he says it never showed up on his CR's, and someone mentions he probably wasn't served. My question is - Could this be a FAKO judgment decree from some bottom feeder?
My question is - Could this be a FAKO judgment decree from some bottom feeder? jlynn ============= Anothe question: Is it an old expired judgment that has not been renewed.?
Yeah, anything's possible. That's why I said get the file from the courthouse - the correct court should be listed on the copy they sent. My guess is it's real, they served him at an old address. Better wait and see.
I have never heard of any judgment other than tax liens and bk's staying on your cr more than 7 years
Smooth your feathers Breeze... Nothing in the post you quoted made any kind of moral judgement regarding opie. In fact, if you read it again, there is an implied suggestion he should check out the SOL in his state (I have no idea where he is, so I have no clue about how long a judgement is collectable where he resides). Checking out the SOL in the state he lives can do him no harm at this point, so I don't understand how me suggesting he check out an avenue of recourse which may apply to his given situation is somehow tantamount to rooting for his failure. Wichita
Hers's a link for SOL on judgements. Apparently the CRA's report judgements for 7 yrs. or the state sol on judgements , whichever is longer. Some judgements i.e., unpaid tax liens, student loans remain until judgement is satisfied. www.cardreport.com/laws/judgement-sol.html
In Indiana, the SOL for judgments other than real estate liens are enforceable for 20 years. Reading it as stated in FCRA, I can't see anything saying they couldn't report a paid judgment for 7 years from the date paid. There's nothing that states clearly that if it's paid it has to come off if it's more than 7 years after the filing date. It could be 7 years after payment. Read it and see what you think.
LOL, my feathers OK. Everyone is entitled to their point of view. I was just stating the facts. I didn't really follow this discussion when I saw where it was headed, but then read it the other night and saw that some real information was needed. Not that I'm a guru or anyting. but these people buy old uncollectable judgments and then will do anything to get the money. That's my guess here. They lucked out and found someone who was finally getting back on his feet and I wanted to help. If someone wants to watch and gloat, that's their priviledge I guess. It sounded kinda that way, that's why I wasn't reading. Folks are gonna do what folks do. How's that for a guru-ism?
ok im confused, why a sol doesnt apply here? so since they had judgment against me before the 7 years, im assuming. i have the judgment decree in front of me, says i was served with a summons. around this time i was served with 2 other summons, and i remember getting those. at this point, id like to know if i ever got the summons. so if i go to the court house, they will have proof that i signed or recieved the summons? about the letter i sent, it was a mass letter simlular to the validation letters on this site. so sue me if im not very good at this. getting a lawyer? isnt that gonna cost me more than the debt? obviously there gonna kill me in court if i dont get one, but i feel after reading this im going to be 1900$ in debt now. this is not on my credit report, this week i just got a preapproved bank of america secured in the mail, and i received a eddie bauer card. this is the 1st time in 8-9 years ive received any credit offers. im so close to getting my credit back, now im feeling it falling apart. if it comes down to paying the 900$ then i dont see that unreasonble, but damn 1900$ is really devasting. thanks for helping out guys/ladies
I thought you said that this bill did not belong to you at all. If you did not use the services that this company says you used, then you should be able to defend it in court on your own. Have you validated the debt? If the debt DOES belong to you, then perhaps you should try to negotiate a settlement with them on the telephone. I'm not sure doing so is in order here, but that's exactly what I would do. I would call them up and agree to pay $900 + a nominal interest fee (10% compounded annually would be something around $400 additional). Hawg Hanner
i never said this debt wasnt mine, i sent out a verification letter. i received a judgement decree, from 1995, with my name on it. awarding the creditor 900$+300$ lawyer fee. so i will be at the court house this week getting more info about this judgment.
