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sugacoted1
Joined: 17 Jan 2009
sugacoted1's page
Posts: 1
96 Magic Points
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Subject: Statue of Limitations on a judgment in NY State
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Sat Jan 17, 2009 2:45 pm
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| i live in the state of ny i was contacted by a creditor on a credit card judgement from back in 1999 i havent recieved anything from them in years i owe3,276 and hes only willing to settle for 2,640 which is 10% in 2 payments.he has threaten to go after my bank account if i dont respondn by wed jan 21.am i still responsible to pay this debt or has the SOL come into play?please help |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 4007
1222 Magic Points
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Sun Jan 18, 2009 3:53 am
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Once they get a judgement you will have to pay it and they will renew the judgement every so many years to keep it current. I would not keep any extra money in your bank account because they will take it.
How did they get the judgement? Did they sue and you not show up? If you did not show then they got a default judgement and they can enforce this for as long as it takes to clear the debt up.
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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scott
Joined: 28 Jun 2006
scott's page
Posts: 462
10934 Magic Points
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Mon Jan 19, 2009 1:22 pm
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Hi Sugacoted
Statute of Limitation in New York is 10 years for judgments. Now since the judgment was brought against you in 1999, the SOL has not yet expired. Since the creditor is willing negotiating your for less, you can ask the creditor for a written agreement and pay off the debt, else he may be able to garnish your bank account if he has the judgment order with him.
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SCOTT
Use your credit account responsibly and enjoy a debt free life. |
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Mike Cooke
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Subject: Expiring NY judgement
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Tue Feb 24, 2009 8:15 pm
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| How do I go about renewing a judgement? |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Wed Feb 25, 2009 7:07 pm
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| I would imagine if you yourself are trying to renew a judgement you would have to go to the courthouse and file the appropriate peperwork to have it renewed. You may only have a certain amount of time that you can do this in so you may want to call or visit your local courthouse to find out what exactly you will have to do. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 4007
1222 Magic Points
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Thu Feb 26, 2009 2:53 am
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That is exactly right fireyone, they do have expirations on them and have to be renewed each time it is running out. You must go before the expiration and renew it.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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SANDRA
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Subject: JUDGEMENT IN NEW YORK STATE
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Tue Apr 28, 2009 6:30 pm
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| IF THERE IS A JUDGEMENT AGAINST YOU FROM 1996 IS THIS JUDGEMENT STILL IN PLACE IF YOU NEVER HEARD FROM THEM? |
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Mary
Joined: 06 Jul 2006
Mary's page
Posts: 730
17417 Magic Points
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Wed Apr 29, 2009 8:05 am
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Hi Sandra
Yes, if there is judgment against you by a creditor in 1996, they can recover the debt anytime within the Statute of Limitation period. Judgments have its own SOL and it varies from 3 years to 20 years depending upon the state where the judgment was passed. Since the judgment was passed in 1996, it may not show in your credit report because judgment stays on your report for seven years from the date it has been passed.
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Where there's a will, there's a way !! |
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NYC
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Subject: JUDGEMENTS IN NYS
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Wed May 13, 2009 11:22 am
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A JUDGEMENT PAID OR UNPAID STAYS ON YOUR REPORT FOR 7 YEARS.
A JUDGEMENT IS GOOD FOR 20 YEARS BUT IS NOT RENEWABLE. KEEP YOUR MONEY OUT OF CHECKING ACCOUNTS. START A CORPORATION AND USE THAT ACCOUNT TO PAY YOUR BILLS ETC. IF YOU DON'T HAVE YOUR OWN BUSINESS INC YOURSELF USING YOUR NAME. |
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Patricia Tracey
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Subject: Confused 10 years or 20 years on judgment
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Mon Oct 12, 2009 11:41 pm
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| I have a money judgment against me and my only income is social security. Can my car which was purchased with my social security payments be taken from me? The value of the car is approximately $2,500.00. Please note the judgment was filed in June of 1998. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 4007
1222 Magic Points
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Tue Oct 13, 2009 1:25 am
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| It depends on where you are from, if you list what state you are from I am sure someone here will look up that states statute of limitations for you. |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Tue Oct 13, 2009 9:54 am
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Patricia,
Hello and welcome to the forum. They can not touch your social security wages and most will not bother with a vehicle with only little monetary value. Although I am not positive (maybe someone else will know for sure) I do not believe they can touch your vehicle if it is your only means of transportation. When collecting on a judgement there are a lot of rules and regulations that have to be complied with. Somethings you own like your house also can not be taken.
I would advise listing your state and we can go from there since each state has there own set of rules. |
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Patricia Tracey
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Subject: Confused 10 yrs. or 20 yrs.
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Wed Oct 14, 2009 10:50 pm
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Dear fireyone:
Thank you for the input. The state is New York and the collection agency claims that in New York State judgments are valid for 20 years. Can you help?
Thank you! |
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shorty
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Subject: what is the statute of limitation for new york
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Sat Nov 07, 2009 5:59 am
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i went thur a really hard time in 2008, and got into debt, how can i
fix it-? and can i lose my house. |
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shorty
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Subject: what is the statute of limitation for new york
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Sat Nov 07, 2009 6:07 am
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i went thur a really hard time in 2008, and got into debt, how can i
fix it-? and can i lose my house. |
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