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helpwithcleanup
Joined: 28 Apr 2009
helpwithcleanup's page
Posts: 4
152 Magic Points
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Subject: Judgment on Credit Report
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Tue Apr 28, 2009 9:26 pm
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Hello!...Needing help!!...Well, I have a judgment (unsatisfied) reported on my TU credit report (see TU info below)
Type: Civil Judgment Court Type: Common Pleas Date Filed: 11/2002 Responsibility: Individual Plaintiff: ******* INSURANCE Amount: $14,712 Estimated date that this item will be removed: 10/2009
Now, It is not reported on my EX or EQ credit reports...It says on TU that the estimated date of removal will be 10/2009
Also, It seems to be outside of PA's statue of limitations...And I was never contacted since the beginning of the actual judgment.
My question to everyone, is that even though this is a unsatisfied judgment, will this actually come off my credit report in 10/2009? |
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Mary
Joined: 06 Jul 2006
Mary's page
Posts: 730
17413 Magic Points
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Wed Apr 29, 2009 9:36 am
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The Statute of Limitation on Judgment in PA is 4 years and so if the judgment was passed against you in 2009, the SOL has expired and the creditor can no longer collect the judgment money. However, you cannot get the judgment removed from your report before 10/2009 even if you dispute it with Transunion. Judgment, whether satisfied or not remains on your credit 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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cbass1017
Joined: 01 Feb 2008
cbass1017's page
Posts: 141
Location: PA
1441 Magic Points
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Wed Apr 29, 2009 9:43 am
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If the judgement was filed on 11/02 and is set to fall off on 10/09 than that would seem correct(7 yrs for the judgement to be removed). I would just simply wait for this to fall off of your credit as opposed to trying to remove it yourself.
If you were to contact the credit bureau and they inturn contact the court that the judgement was filed you start getting contacted by the court again to resolve the judgement. I would just leave it be.
Good luck
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Scott McKay
FreeOnlineCreditGuide.com |
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helpwithcleanup
Joined: 28 Apr 2009
helpwithcleanup's page
Posts: 4
152 Magic Points
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Wed Apr 29, 2009 1:15 pm
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| Thank you for your feedback!!! |
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GarySnober
Joined: 08 Apr 2009
GarySnober's page
Posts: 67
6 Magic Points
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Thu Apr 30, 2009 6:03 pm
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| Yes i agree with the posts above as it is almost been 7 years it not worth trying to get it removed as it will be removed within a few more months. |
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Daniel
Joined: 24 Apr 2009
Daniel's page
Posts: 7
291 Magic Points
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Sat May 02, 2009 9:09 am
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Hi,
Yes, I agree with Mary.
Because in my opinion as Mary says The statute of limitation on judgment in annual is 4 years and so if the judgment was passed against you in 2009, the SOL has expired and the creditor can no longer collect the judgment money.
Thanks. |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4121
1011 Magic Points
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Sun May 03, 2009 3:15 pm
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| I am from PA and my sister had a judgement against her on an old car loan. It did fall off in the seven years and they never renewed it before the four year SOL so she was safe. Just wait it out and it will fall off shortly. Just try to remember how long it took to get this off your report and keep all your bills current and your score will increase. Good luck. |
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Guest
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Sun May 03, 2009 10:47 pm
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| Thank You!!! |
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helpwithcleanup
Joined: 28 Apr 2009
helpwithcleanup's page
Posts: 4
152 Magic Points
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Sun May 03, 2009 10:48 pm
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| Thanks to all for your input!...I'll keep you posted! |
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cleve
Guest
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Subject: I have a judgement and I want it removed
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Mon May 04, 2009 1:50 am
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| I have a judgement and I have talked to the creditor about having it removed if I pay the amount off, he pretty much told me that all I have to do is go to the courts here in Chicago and show I have paid off the balance and they will remove it.I'm stuck between a rock and hard place because I want to pay it off but if this will not remove it and all the creditor will do is show it being paid I will rather just make payment arrangements with them instead of paying it off, because pretty much they will send me the letter of payoff either I pay it off or set up arrangements.....Help |
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Mary
Joined: 06 Jul 2006
Mary's page
Posts: 730
17413 Magic Points
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Mon May 04, 2009 10:28 am
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Hi Cleve
Judgment is a public record and it cannot be removed from your credit report before seven years. Now, if you pay off the judgment money, it will get reflected in your credit report as "paid judgment" but cannot be removed before seven years. However, judgment has its own Statute of limitation and the creditor can recover the debt within this period either by garnishing your bank account or your wage if you do not pay them back.
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Where there's a will, there's a way !! |
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cleve
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Thu May 07, 2009 11:04 pm
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| Thank you Mary |
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cdloanmod
Joined: 26 Jan 2009
cdloanmod's page
Posts: 24
Location: Laguna Hills,CA
790 Magic Points
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Subject: Re : Credit report judgement
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Fri May 08, 2009 9:52 am
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Hi,
Foreclosures stay on your credit report a lot longer. If you’re planning to buy another home in the future, a short sale will make it easier.
Mortgage Loan Modification |
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