How Judgments can impact credit
The credit reporting rules for judgments are different from the rules that would apply to the original debt. The Fair Credit Reporting Act (FCRA) states that judgments must be removed from credit reports after seven years from the date of entry "or until the governing statute of limitations has expired, whichever is the longer period."
A judgment can hang over your head a long time. The statute of limitations for collecting a debt using a...
Subscribe to:
Posts
(
Atom
)