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Judgment for 2004 Starting paying, Now back on my credit as a charge off


Guest msanbo
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Guest msanbo

I had a judgment against me in 2004.  At the begining of this year I started to pay an agreed amount monthly.  The item is now back on my credit report as a charge off and my payments aren't being credited.  I disputed the fact that the account should even be on my credit because it's 14 years old.  Transunion didn't remove the account.

 

What can I do now?  I can't have this on my credit for the next 7 years again.  I tried to talk to the creditor and they won't return calls and have no desire to work with me. 

 

Also with it being a charge off and my payments not showing up anywhere, and the balance never chaging even after the payments.  Do I have to keep paying.  I am fine paying it off if it's not on my credit.  But if they are going to keep the charge-off on my credit, what's the point of paying?

 

Thanks

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I found an article online regarding the SOL for judgments in Wisconsin.  Here's an excerpt:

"The statute of limitations on Wisconsin judgments is a bit more complicated. In Wisconsin, a judgment becomes a lien for 10 years on all real property the judgment-debtor owns or acquires in the county or counties where the judgment is docketed. A judgment-creditor has 20 years from the judgment date to have a county sheriff attempt to seize the debtor’s property. The 10- and 20-year lengths on Wisconsin judgments can be extended another 10 and 20 years if the judgment-creditor obtains permission from the court and refiles an action against the judgment-debtor."

https://www.bills.com/debt/wisconsin-collection-laws

I would do some research on your own to verify the accuracy of this information.

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1 hour ago, msanbo said:

I had a judgment against me in 2004.  At the begining of this year I started to pay an agreed amount monthly.  The item is now back on my credit report as a charge off and my payments aren't being credited.  I disputed the fact that the account should even be on my credit because it's 14 years old.  Transunion didn't remove the account.

 

What can I do now?  I can't have this on my credit for the next 7 years again.  I tried to talk to the creditor and they won't return calls and have no desire to work with me. 

 

Also with it being a charge off and my payments not showing up anywhere, and the balance never chaging even after the payments.  Do I have to keep paying.  I am fine paying it off if it's not on my credit.  But if they are going to keep the charge-off on my credit, what's the point of paying?

 

Thanks

I would contact a consumer attorney. The original account on which the judgment is based is past the SOL for credit reporting. Since the judgment is over 10 years old, most credit reporting agencies would have removed it by now. I don’t believe agreeing to pay the judgment would result in a new credit reporting period. 

 Talk to an attorney. 

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