Hi all,
I just received a judgment letter yesterday. Jurisdiction/Place: USA - New Jersey
It's offering a settlement on a default judgment against my then-wife and myself from 1995 that I've never heard of. Enclosed was a supposed photocopy of the judgment. It pertains to a loan I cosigned for her, and apparently she defaulted on. But I've never heard of this 15 year old supposed judgment. I called the court and they're retrieving the info from the archives. They were able to tell me the address it was served to, and I was NOT living there at that time, but have no proof of that. I remained living at the address I was at when the judgment was supposedly made for several years afterwards, have been at my current address for 9 yrs, yet this is the first I've ever heard of it. It isn't even showing on my credit report.
Do I have ANY options?
15 year old judgment
Hi Zachary,
In New Jersey the Statute of Limitations (SOL) on a judgment is 14 years. Thus, this judgment has expired, and it seems that it wasn't renewed. So, you should should absolutely do nothing about this, not even try disputing this with the collection agency. Moreover, this is not there on your credit report too. Thus, you need not worry. If you do anything in reference to this account, then the SOL may restart.
Thanks,
Aaron
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