Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Report
Profile Image

Question By
TryingToRaise

0 Contributions
0 People Helped
If an item falls off of your credit report, can someone still collect on it?
I have a default judgement that will be removed from my credit report on 12/2014. My question is....will this debt be gone after it's removed from my report, or is there a possibility that they will turn around and garnish my wages anyway? I didn't know this was falling off until I got my full report yesterday....I did get a letter in the mail from them offering me a 60/40 split, but of course I can't pay that much right now. Am I "good to go" after this falls off?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7347 Contributions
3806 People Helped

12/20/14 is a long way off and the offer indicates they still want to collect.  Is there any way you could do the offer they made in payments? 

Unless the statute of limitations for collections in your state is 10 years (and there are a few) then once this debt falls off, it's over and done with. They can't collect then.

Top Contributor
432 Contributions
364 People Helped

Absolutely not! Your credit report is no indication of any statute of limitations or any limitations to collect anything.

The fact that they received a judgement gives them the right to collect, through several avenues and your credit report has nothing to do with it. There is no statute of limitation. Generally, statutes of limitations is from the date of the debt to the length of the statute TO FILE SUIT TO COLLECT. They have already done that. They received a judgement. Now, it is a completely different set of rules for collecting on the judgement. For example, they could put a lien on your home and 30 years from now when you sell it the judgement would have to be paid before the house could close.

Of course, all this depends on the state and the laws regarding the collection of judgements. This is no longer about collecting a debt. It is about collecting a court ordered judgement.

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.