An old unpaid apartment debt

[Anonymous]

I have a friend who left an apartment debt unpaid during hard times.  The debt is 6 years old now.  Can anyone tell me what happens with it?  Will it stay on her credit forever until it's paid? 

[gdale6]

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@Anonymous wrote:

I have a friend who left an apartment debt unpaid during hard times.  The debt is 6 years old now.  Can anyone tell me what happens with it?  Will it stay on her credit forever until it's paid? 

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No it wont be around forever, the max time it can remain on file is 7.5 yrs from the DoFD (date of first delinquency) which is widely accepted as the 30 day late and never bringing the account current again. Welcome to My Fico

[StartingOver10]

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@Anonymous wrote:

I have a friend who left an apartment debt unpaid during hard times.  The debt is 6 years old now.  Can anyone tell me what happens with it?  Will it stay on her credit forever until it's paid? 

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The first answer is right, unless the Landlord or management co obtained a judgment on your friend. Tell your friend to look under their public records (not the CR, actual public records) to see if s/he has a judgment for the deficiency.

If there is a judgment it may or may not show up on your friends CR. It will last 10 to 20 years depending upon your friend's state where the judgment was obtained. It is visible to everyone that checks PR.

[Anonymous]

Ok.  I will tell her to check.  If there is a judgement, does that remain on there forever or until it's paid?

[Anonymous]

Thanks soo much.

[gdale6]

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@Anonymous wrote:

Ok.  I will tell her to check.  If there is a judgement, does that remain on there forever or until it's paid?

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A judgment will remain on file 7 yrs from the date it was granted or until the governing statute expires whichever is longer. The time a judgment can be enforced is different in every date so that is what governing statute is the state law on how long its enforcable. It only stays on for 1 period but a judgment can be renewed in all states basically forever.

[RobertEG]

It will broadly stay in her "credit" as an unpaid, delinquent debt until paid.

Exclusion from her credit report and expiration of period that can sue and obtain a judgment are helpful,, but dont satisfy the debt.

She would take her chances as to whether the presence of the unpaid debt would ever become known to others.