How long does a judgement stay on your credit report in Ohio I have a judgement from my old credit union and my credit report says it is to come off in september but can they extend it for any reason I never paid it and someone said not to because they will get another 7 years I dont know what to do .
2007-03-11 14:12:58 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
Judgments on Credit Records
The Fair Credit Reporting Act [15 USC Section 1681c]
(a)Information excluded from consumer reports...
(2)...civil judgments...that from date of entry, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period.
So, 7 years from the date of entry, or longer, if your state has legislation which allows it report longer.
2007-03-11 14:22:33 · answer #1 · answered by babeebluez73 3 · 0⤊ 0⤋
It depends on the judgment.
If it was for a money debt (credit card, bank loan, etc.) it will fall off at the 7 year mark.
If it was for a government debt, it will remain until paid.
As for the collection statute of limitations in Ohio
Domestic Judgment: 21 years - renew every 5 years
Foreign Judgment: 21 years - renew every 5 years
2007-03-11 14:25:50 · answer #2 · answered by echo 7 · 0⤊ 0⤋
Judgements can only stay on your credit reports for 7 years, starting on the date of the judgement.
It can not be renewed, and making a payment will not reset the reporting date.
As far as renewing a judgement, the creditor can go back to court and get it renewed. This will not get it back on your credit report, but it will extend the time they have to go after you for the money.
2007-03-11 14:28:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋
3 years
2007-03-11 14:16:06 · answer #4 · answered by Anonymous · 0⤊ 2⤋
so glad that I found this topic already answered! it is like you read my thoughts!
2016-08-23 20:56:04 · answer #5 · answered by Anonymous · 0⤊ 0⤋