Please help not sure if being sued

[Anonymous]

Good Afternoon, i am hoping someone can help me.
I have been trying to rebuild my credit and I have finally made some progress. I am sitting around 690 on all 3. I have been pre approved for a mortgage and was looking froward to buying in the next couple of months.

This morning i got a complete blow to everything.
I have credit monitoring with Equifax and i recieved an alert and it stated the following.

Suit or Judgment information has been added to or changed on your credit file.

Court/ Case Number: AMERICREDIT of

Amount:  $7,014 Plaintiff:  Status:  Satisfied Date: N/A

This was an account i had before i divorced, it was a joint account. It was for an automobile loan, it was repossesed and it states its charged off.  Date opened, 6/2001, reported since 2/2004, date of status 1/2005, last reported 12/2010. Other information, says charge off as of Dec 2010, Jan 2005, 30 days past due as of Apr 2004- Oct 2004. Account is scheduled to continue on record until Oct 2011.

I never recieved a summons or anything, i haven't heard anything and someone informed me becuase of statue of limitations i might be ok since its 4 years in Texas. I am worried sick becuase i am supposed to buy a home in a couple of months and i cannot with a judgment. I have tried to rebuild my credit since my divorce 5 years ago and i finally have and now this. I do not see it under public records in my credit report. Will it show up immediately. Please help. I'm so worried. I don't even know what to do at this point.

Thanks

[Anonymous]

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@Anonymous wrote:

Good Afternoon, i am hoping someone can help me.
I have been trying to rebuild my credit and I have finally made some progress. I am sitting around 690 on all 3. I have been pre approved for a mortgage and was looking froward to buying in the next couple of months.

This morning i got a complete blow to everything.
I have credit monitoring with Equifax and i recieved an alert and it stated the following.

Suit or Judgment information has been added to or changed on your credit file.

Court/ Case Number: AMERICREDIT of

Amount:  $7,014 Plaintiff:  Status:  Satisfied Date: N/A

This was an account i had before i divorced, it was a joint account. It was for an automobile loan, it was repossesed and it states its charged off.  Date opened, 6/2001, reported since 2/2004, date of status 1/2005, last reported 12/2010. Other information, says charge off as of Dec 2010, Jan 2005, 30 days past due as of Apr 2004- Oct 2004. Account is scheduled to continue on record until Oct 2011.

I never recieved a summons or anything, i haven't heard anything and someone informed me becuase of statue of limitations i might be ok since its 4 years in Texas. I am worried sick becuase i am supposed to buy a home in a couple of months and i cannot with a judgment. I have tried to rebuild my credit since my divorce 5 years ago and i finally have and now this. I do not see it under public records in my credit report. Will it show up immediately. Please help. I'm so worried. I don't even know what to do at this point.

Thanks

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The statute of limitations in Texas is 4 years for credit cards, but automobile loans fall under a different category and usually carry a longer statute of limitations in most states.

In any event, your best recourse would be to contact the court clerk and get copies of any documents relating to the court case / judgment.  Once you see the proof of service, you can probably determine whether or not you were likely served properly.  If you feel you were not, you can file a Motion to Vacate.  Of course, assuming the statute of limitations has not run, they can appear at the hearing and sue you again.