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judgements

Discussion in 'Credit Talk' started by MissSile, Oct 3, 2002.

  1. Oct 3, 2002 #1
    MissSile

    MissSile Member

    If I happen to get a judgement against me pertaining to a credit card, is this something that stays on my credit report forever if I never pay it?

    - Kim
     
  3. Oct 3, 2002 #2
    breeze

    breeze Well-Known Member

    Nope. Seven years. But don't take yourself to court like that. It isn't fair. ;)
     
  4. Oct 3, 2002 #3
    herauntsis

    herauntsis Well-Known Member

    lol -- good one ;)
     
  5. Oct 4, 2002 #4
    tracyb0313

    tracyb0313 Well-Known Member

    some states can renew the judgement for so many years, can't they? If it's renewed, won't it have a new date, therefore staying on your report for another 7 years? My state the SOL on judgements is 20 years. I thought someone on here had had a judgement on their report for that long. Just curious...
     
  6. Oct 4, 2002 #5
    Hope

    Hope Well-Known Member

    In Texas, that is correct. A judgement can be perpetually renewed, unless it is wiped out in bankruptcy.
     
  7. Oct 4, 2002 #6
    Igotarock

    Igotarock Well-Known Member

    What if it was wiped out in bk, but still listed on reports, and dumb person did not check their reports till 5 years later and found the judgements still listed but now it's too late to file a motion to vacate?
     
  8. Oct 4, 2002 #7
    LKH

    LKH Well-Known Member

    It can possibly be renewed forever, depending on the state, but, it can still only be reported for 7 years.
     

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