12-04-2012 08:56 PM
12-04-2012 09:13 PM
12-04-2012 10:18 PM
Here is the lowdown: Judgments stay on a credit report for the usual 7 years from the date of entry. An unsatisfied judgment may stay on your credit report longer than 7 years if your state's legislation allows it. Renewed unsatisfied judgments would show on your credit report for 7 years from the date of renewal. Unsatisfied discharged judgments would again have a shelf life of 7 years.
12-05-2012 02:12 AM
FCRA 605(a)(2) is couched in alternative language, with the 7 year period from entry of the judgment being one of the alternatives, and expiration of any state statute of limitations on the judgment being the other. The determing period is the longer of the two.
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