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Can American Express Sue?

Re: Can American Express Sue?

How can a judgement affect her credit? She would like to move to a larger apartment this summer, will this judgement affect her getting an apartment?

Message 11 of 15
Moderator Emeritus

Re: Can American Express Sue?


Miss_Donna30 wrote:

How can a judgement affect her credit? She would like to move to a larger apartment this summer, will this judgement affect her getting an apartment?


I don't know what's on her CR, but a new judgment on a clean CR can drop scores by quite a bit. Not every landlord will use a credit score, but it could hamper things with some.

Message 12 of 15
Valued Contributor

Re: Can American Express Sue?

If there is a court judgement that says she owes a company $10,000 this could absolutely hurt her in applying for an apartment. 

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Message 13 of 15
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New Contributor

Re: Can American Express Sue?

Unpaid judgements can only remain on your report for 7 years from the date they are reported. Some states allow you to renew the judgement and restart the timeclock. 


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Message 14 of 15
Moderator Emeritus

Re: Can American Express Sue?


tmobileguy wrote:

Unpaid judgements can only remain on your report for 7 years from the date they are reported. Some states allow you to renew the judgement and restart the timeclock. 


They'll report for 7 years max and that can't be renewed. The renewal has to do with SOL which, in the case of a judgment, is the time frame a creditor has to collect via legal means after suing (e.g. garnishment, liens, etc.). In Cali for example, once sued, the SOL is 10 years. It can only report for 7 years, but they can collect on it up to 10 years. By the 10th year in California, the creditor can renew the judgment and they can collect for another 10.

Message 15 of 15