When judgement is removed for sure?
Q: I am confused as far as judgement removal goes. Will a judgement that is unpaid be removed from a credit report after 7 years, or will it only be removed 7 years AFTER it is paid?
A: Again, according to FTC Official Staff Commentary ยง 605(a)(2): "Paid judgments cannot be reported for more than seven years after the judgment was ENTERED, because payment of the judgment eliminates any "governing statute of limitations'' under this subsection that might otherwise lengthen the period." So once it is paid it, it should be removed pretty much immediately.
Sun May 4, 2008 02:05PM | Copyright: www.bad-credit-advisor.com | More in Credit Repair Tips | Comments (0)
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