Collection to Judgement?
I have had a courtcase file against me. It has been on my CRA's for 6 years. If they are awarded a judgement against me, will it show for 7 more years as a judgement?
Answers: Yes it will, Judgments show for 7-years of until the statute of limitations runs out whichever is longer.
Well the 7 yr point only applies to certain type of liquidation. If you have a judgement filed against you for a credit business, it will remain on all three credit bureau reports until you clear up that matter and payment what is owed. If you choose not to you should try to fight it and get the judgement reversed. Moral of this story is if you do nil and ignore it, it isn't going to go anywhere ... it will sit on your reports and skulk for you to address it.. and will negatively affect any credit type transactions you try to make in the adjectives *(ie. car loan, house loan, line of credit). Don't tolerate it just stew, fix it . Good luck You should check to see if the statute of limitations has expired on this debt. If it have, you need to use this as a defense. Review the court papers to see how to dispute the case against you.
The unproved debt may no longer be reported after 7yrs. but the judgment creates a new entry and will remain for 7yrs.
Here's the SOL cooperation:http://www.bcsalliance.com/statute_of_li...
The first answer is incorrect. Judgements report for 7 years, just like most other debts.
Hasdad - Did you ever associate up over on Creditboards.com? I can't stress enough how you should do that.
Need to check my Accounting Answer...?
Will a credit report be done if i use a credit card, not a debit card to rent a motor?
If I own fruitless credit, can i be in motion through a credit confederation for a auto loan?what are my probability?
Can i wages a credit card near another credit card minus it anyone a be a foil for verbs or lolly credit?
Collection and Erasing them?
Will my direct debit still work?
What is the diffrence between Visa And a Mastercard and which one is better for an 18 year infirm?
I have compensated $25,500 within year 2006 towards tuition but never file taxes to earn duration time credit.?
Answers: Yes it will, Judgments show for 7-years of until the statute of limitations runs out whichever is longer.
Well the 7 yr point only applies to certain type of liquidation. If you have a judgement filed against you for a credit business, it will remain on all three credit bureau reports until you clear up that matter and payment what is owed. If you choose not to you should try to fight it and get the judgement reversed. Moral of this story is if you do nil and ignore it, it isn't going to go anywhere ... it will sit on your reports and skulk for you to address it.. and will negatively affect any credit type transactions you try to make in the adjectives *(ie. car loan, house loan, line of credit). Don't tolerate it just stew, fix it . Good luck You should check to see if the statute of limitations has expired on this debt. If it have, you need to use this as a defense. Review the court papers to see how to dispute the case against you.
The unproved debt may no longer be reported after 7yrs. but the judgment creates a new entry and will remain for 7yrs.
Here's the SOL cooperation:http://www.bcsalliance.com/statute_of_li...
The first answer is incorrect. Judgements report for 7 years, just like most other debts.
Hasdad - Did you ever associate up over on Creditboards.com? I can't stress enough how you should do that.