2006-10-01 06:37:46 · 6 answers · asked by lost&confused 5 in Business & Finance ➔ Credit
There is something else you can try...
You can try to get it removed from your credit report by writing the credit bureaus (each one) and telling them that it is not your debt. They will have to investigate it and if the company that the debt is with does not respond in the alloted amount of time then they have to remove it. :)
You might get lucky! Paperwork gets lost and people slack on their jobs all the time.
Send your letters to the credit bureaus certified return receipt.
2006-10-01 08:14:13 · answer #1 · answered by Not Laughing w/ U 3 · 0⤊ 3⤋
A judgement outlaws after 6 years unless the creditor makes application to the courts for a further 6 year extension. Usually they don't because if they haven't collected in the first six years not much chance of collecting at all.
One year after the judgement has expired the credit reporting agency will drop it.
Even if you pay the judgement in full, the fact that you were a judgement debtor stays on the record (usually for 7 years.
2006-10-01 13:57:11 · answer #2 · answered by Jack 6 · 0⤊ 0⤋
The best way to remove the judgements will be to clear the debt (s) in full as ingnoring these judgement as you probably already know will have an adverse impact on you obtaining credit.
2006-10-01 13:41:21 · answer #3 · answered by Journey 1 · 1⤊ 0⤋
Once again we see people making wild stabs at the answer, and just can't do a couple minutes of research.
According to the Fair Credit Reporting Act, judgements must be removed from your credit report within 7 years, starting on the date of the judgement.
Note that it only removes it from your credit report. It does not stop the creditor from collecting on it....depending on the state they can collect for 10 years, and file for extensions over and over. So in theory the debt never goes away.
Also, judgements are public records. They will remain on the public record forever.
2006-10-01 14:31:38 · answer #4 · answered by Anonymous · 1⤊ 4⤋
call the credit company equifax, experian, transunion (800-555-1212 and get the toll free #) and ask them when certain items will be removed from the report. Each company is different. Usually it is 5-7 years after your first reported.
2006-10-01 14:09:29 · answer #5 · answered by upfromnutin 2 · 0⤊ 0⤋
Call the agency that you received the credit reports from. Each credit report may vary in what it has on it. Ask the agency what their requirements are for increasing your credit score and removing old transactions.
2006-10-01 13:40:28 · answer #6 · answered by Shayna 6 · 1⤊ 0⤋