Renewing Judgements
Date: Wed, 12/27/2006 - 09:15
Can a creditor renew a judgement after the time on it to collect has expired?
John
John
Yes, each state has its own laws on judgment. A creditor is give
Yes, each state has its own laws on judgment. A creditor is given specific time to enforce a judgment, however, in some states, a creditor gets a chance to renew the judgment a second time or indefinitely. Thus, the creditor can hold a debt over your head for a significant period of your life or even the rest of your life. So, the best option will be to pay off any judgments
Good points, mcranberra! Also, until you pay a judgement off,
Good points, mcranberra!
Also, until you pay a judgement off, it will show up on your credit report. And after you pay it off, it will still show up, but will show up as a "satisfied judgement".
