hokiegrl

Judgement on CR - Seven years after paid or after put on CR??

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On the following webpage (http://www.creditinfocenter.com/creditreports/cr_time.shtml ) It states:

Information concerning a lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer;

Is this seven years after you pay it? Or seven years after the judgment is given?

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On the following webpage (http://www.creditinfocenter.com/creditreports/cr_time.shtml ) It states:

Information concerning a lawsuit or a judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer;

Is this seven years after you pay it? Or seven years after the judgment is given?

As a practical matter they tend to report for only seven years, but if you file a satisfaction with the recording office (court clerk or recorder of deeds) where the original judgment got picked up by the service that feeds the CRAs, it can show up as a paid judgment for another seven. Sometimes it's better just to pocket the satisfaction to be recorded later if push comes to shove in the course of buying a house or something.

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Thank you!

With the judgment falling off in June, is there any other way this judgment could affect me? I was considering buying a house - could they come after that still? Or affect me in some other way?

Your help would be greatly appreciated!!

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