Posted on: 14th Jun, 2012 02:00 am
I paid off a judgment but it is still mentioned on my credit report. How do I get rid of it or will it remain mentioned for 7 years?
Hi Solly,
The entry in your credit report will remain for 7 years like any other negative item though you have paid off the judgment.
Take care
The entry in your credit report will remain for 7 years like any other negative item though you have paid off the judgment.
Take care
Hi Solly,
If you had signed a pay for delete agreement with the creditor before paying off the debts, then you could have asked them to remove the entry from your credit report.
Thanks
If you had signed a pay for delete agreement with the creditor before paying off the debts, then you could have asked them to remove the entry from your credit report.
Thanks
Solly -
Accurate negative information generally can be reported for seven years, but there are exceptions:
•Bankruptcy information can be reported for 10 years;
•Information reported because of an application for a job with a salary of more than $20,000 has no time limitation;
•Information reported because of an application for more than $50,000 worth of credit or life insurance has no time limitation;
•Information concerning a lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer; and
•Default information concerning U.S. Government insured or guaranteed student loans can be reported for seven years after certain guarantor actions.
•Tax liens stay on 7 years from the date PAID.
[External link deleted as per forum rules. Thanks.]
Accurate negative information generally can be reported for seven years, but there are exceptions:
•Bankruptcy information can be reported for 10 years;
•Information reported because of an application for a job with a salary of more than $20,000 has no time limitation;
•Information reported because of an application for more than $50,000 worth of credit or life insurance has no time limitation;
•Information concerning a lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer; and
•Default information concerning U.S. Government insured or guaranteed student loans can be reported for seven years after certain guarantor actions.
•Tax liens stay on 7 years from the date PAID.
[External link deleted as per forum rules. Thanks.]