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Question
I have two judgement on my credit. They both are unpaid. One is scheduled to fall off this April and the other one next year in May? What does all of this mean? Can the judgement come off your credit without being paid after the seven years?
Hi Athenia:
A judgement can come off your credit after about seven years in some cases. In other cases, such as a tax lien, student loan, or child support judgement, they may not fall off. For a typical civil judgement from things like credit cards, they should come off around that seven year mark.
This means you will not receive the negative ramifications on your credit report from that account. If creditors pull your credit reports, it will not show up. If you credit is otherwise satisfactory, your credit score should go up.
It typically does NOT mean you are no longer legally liable for the debt nor does it mean the creditor must stop collecting on the debt. Credit files and legal liability are two separate things. In fact, in many states the liability for a judgement can stay indefinitely until paid or reversed by a court. Again, the credit report and score should improve, but you may not be off the hook legally.
BTW, through credit repair, we can often delete the judgement and other bad credit information from your reports BEFORE the seven years. Many of our clients see huge increases in their credit scores. Rates from only $19. See proof and more at www.ficofighter.com.
Good luck, I hope this helps clarify it for you.
Regan
REMOVE JUDGEMENTS AND BAD CREDIT - www.ficofighter.com
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Answers by Expert:
Regan Shinski
Expertise
I can answer questions on collections, repossessions, bankruptcy, credit repair, credit counseling, FICO scores, credit planning, and the cause and effect of credit related decisions. I can also answer questions on collection settlements and preparing to sue your creditors for false debts and credit credit reporting.
Experience
Fifteen years ago I was financially devasted due to severe health issues. I filed bankruptcy, had a foreclosure, car repossession, tax lien, and ruined credit. I immersed myself in credit law. I settled dozens of accounts and had them removed to improve my credit. I personally sued four creditors and collection agencies and won cash settlements for their false reporting on my credit reports.
Since then, I have completely recovered and have nearly $100,000 in revolving credit lines and perfect credit. I have owned a credit repair company for the past five years and have an additional three years of specific work in the collections and debt management industry.
I am fully versed in the Fair Debt Collection Practices Acts (FDCPA), Fair Credit Reporting Act (FCRA), and have used them successfully in collection settlements and lawsuits for myself and others. I am also familiar with and abide by the Credit Repair Organizations Act (CROA).
I have deleted or helped delete literally hundreds and hundreds of derogatory items from consumers' credit reports and helped negotiate many settlements with collection agencies and creditors. I have also advised people on bankruptcy at any stage.
In the current credit market, I have successfully advised numerous people on how to obtain credit and how to negotiate for better terms.
Education/Credentials
BA University of Minnesota
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