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no statute of limitations on judgements
Not if the judgment was obtained before the statute of limitations for the debt expired. The statute of limitations requires that a lawsuit be filed on the claim before the limitation runs out. While it might prevent the plaintiff from getting the judgment, but it does not invalidate the judgment.
There is no statute of limitations on a judgment. The only way a judgment can be satisfied is to pay the debt and then it will be removed from your credit report.
No, there is no statute of limitations for a judgement. Once the judgement has been entered, it is a matter of record for historical purposes.
Judgments generally remain on a CR for seven years. In some cases a judgment can be renewed and therefore it is possible for it to remain an indefinite period of time.
In the state of Wisconsin the statute of limitations is 6 years. That is 6 years from the time the services were rendered or from the date of last payment. If they obtain a judgment on you then the statute of limitations can be up to 20 years from date of judgment. In the state of Wisconsin the statute of limitations is 6 years. That is 6 years from the time the services were rendered or from the date of last payment. If they obtain a judgment on you then the statute of limitations can be up to 20 years from date of judgment.
18 years
If it is a judgment, that is a court-ordered debt to be paid, there is never a time it will be removed until you pay the court. There is not a statute of limitations in this case. Once you get a receipt for payment from the court, you can take the extra steps to report the payment to the credit bureaus.
You can find the garnishment statutes in the Illinois Compiled Statutes starting at the section 735 ILCS 5/12-701. The Illinois Garnishment statute sets out the law regarding the garnishment of a third party such as an employer, insurer or other parties that might hold assets of another. For example, if you get into a car accident and you are sued and a judgment is entered against you, the plaintiff/judgment creditor might file a garnishment against your insurance seeking payment of the judgment from your insurance company. In other cases, a judgment creditor might garnish your bank to take the money from your accounts. You can look up the sections of the statute at your local law library or online. There are several websites with the exact language of the statute.
A judgment is collectible until it is paid. There is not statute of limitations on a judgment. It is best to pay it off so it is reported as satisfied.
Probably yes. It depends on the date of the judgment which would be some time after the date of the debt. Each state has its own statute of limitations on judgment liens but they generally last for several years.Probably yes. It depends on the date of the judgment which would be some time after the date of the debt. Each state has its own statute of limitations on judgment liens but they generally last for several years.Probably yes. It depends on the date of the judgment which would be some time after the date of the debt. Each state has its own statute of limitations on judgment liens but they generally last for several years.Probably yes. It depends on the date of the judgment which would be some time after the date of the debt. Each state has its own statute of limitations on judgment liens but they generally last for several years.
STATE: TEXAS Interest Rate * Legal: 6% ** Agreement: can charge up to 18% ** No Agreement: statuory interest of 6% begins to run 30th day after becoming due * Judgment: 10% STATUTE OF LIMITATIONS (IN YEARS) * Open Account: 4 * Written Contract: 4 * Domestic Judgment: 10 Renewable * Foreign Judgment: 10 Renewable BAD CHECK LAWS (CIVIL PENALTY)N/A GENERAL GARNISHMENT EXEMPTIONS100% of wages.