Hi all, I'm a short time lurker, first time writer. When I first got out of college, I had a car repossessed. I have a charge off on my account for $9000. They tried to take me to court, but I owned NOTHING except a bunch of student loans. My seven year mark will be this coming January. Since then I am debt free and have had NO late marks. Last time I pulled my credit I was at 680 (over a year ago). Will this fall off in January and be gone forever? Can I apply to get a house right now? Or should I wait til January when it is gone. Also, I have read about people on here whose 15 year debts have come after them. Noone has contacted me at all and we already went to court. Am I in the clear?
Did they get a judgment? When it falls off your score may actually drop because you will lose "history"...negative or positive, the longer your credit history, the more it is factored into scoring models if they got a judgment but could not collect because you had no assets, they may go after you when you apply for a mortgage, and you "resurface". Also, if there is a judgment you probably won't qualify for a mortgage
I honestly don't know. they sent me court documents which I just ignored. After that, I've heard nothing. On the credit report it just says "charge off, amount owed 0". I have credit history going back to 1994. This all happened in 98'. I hope it doesn't go go down. I've paid off my student loans and held credit cards with NO DINGS at all since. Basically my credit is oerfect except for this one thing. How do I find out if they got a judgement?
Re: Re: Questions about my 7yr charge off 1*Go to court house 2*Get all the paper work. *************** GET THE BASICS HERE. http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=410243#post410243 ***************** >
They tried to take me to court, but I owned NOTHING except a bunch of student loans. ================ What are you trying to say here? This sentence don't make any sense to me! *************** GET THE BASICS HERE. http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=410243#post410243 ***************** >
Re: Re: Questions about my 7yr charge off They probably got a default judgment Check to see if your name is on the judgment roll in the court where the summons was issued PS: Judgments are good for many years, in some states up to 20 years, and if not paid they have been accruing interest as well for many years. Lots of times the judgment creditor will wait until the judgment is just about to run out before persuing you so that they may collect the maximum amount of interest !!
Re: Re: Questions about my 7yr charge off Wow, now I'm REALLY going to sounds like an idiot. Is there just one courthouse in a City that handles all of this? If not I don't have a clue where to start looking. I got paperwork years ago, threw it away and thought the whole thing was over!
Re: Re: Questions about my 7yr charge off Meaning at the time I was fresh out of college, no house, car...obviously, I had nothing to my name except debt. $11,000 in student loans, $3000 in credit cards. I had nothing to take. Now, I don't have one penny in debt. I have no late anythings for almost seven years except this. Which I thought until today was just going to go away, and now I scared it won't.
Re: Re: Re: Questions about my 7yr charge off It depends on the city It depends where you live These are civil cases so that would be the place to start the civil court in the county where the action was commenced. It may also be in the "small claims" court in that county if the amount involved was not many thousands of dollars
Re: Re: Re: Questions about my 7yr charge off 1.why would you think it was over if you never responded to a court summons? 2.good reason to never throw away important papers!
Re: Re: Re: Questions about my 7yr charge off that is why they did nothing you were judgment proof! That's why you need to find out if there is a judgment . the good thing is there is no entry under public records on your CR's? right? this might be a clerical error, due to variation in name, address, etc. but you really need to find out if there is anything on file in the court with your name, address, and ssn!!!
Re: Re: Re: Questions about my 7yr charge off I threw it away cause I was 23 and knew nothing about credit anything. I didn't know about judgements and thought if I had nothing to take then it would all go away. They need to teach a course on this is high school/college. I came out of college with tons of credit cards and not a clue what the ling term impact could be in abusing them. My credit report does not show any judgements. I even received a copy of a background check a company did on me and there was nothing there either. The charge off shows up, but it just says "zero" balance.
Re: Re: Re: Re: Questions about my 7yr charge off well that is good news, just make sure there is no judgment in your name at the courthouse, then there is a lot more you can do since this is an old account out of SOL for reporting and collecting!
1*I didn't know about judgements and thought if I had nothing to take then it would all go away. 2*They need to teach a course on this is high school/college. 3* I came out of college with tons of credit cards and not a clue what the long term impact could be in abusing them. Stangmobil ************************* 1*But what you didn't know is they will hang around your neck until you do have something to take. 2*Just what I've been saying for the last 20 years. They teach you how to earn money but they tell you nothing about what to do with it after you get it. 3*You've experienced first hand one of the serious flaws or short comings of the educational system.
