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 Scores
Profile Image

Question By
Brijondes

0 Contributions
0 People Helped
What do I need to pay first? Judgements? Collections

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
125 Contributions
133 People Helped

Without know the specific details of your credit history, I can only speak in general terms.  If you reply to this repsonse with more information, I will attempt to be more specific as well.

In general, Judgments hurt far more than Collections.  Collections can turn into Judgments though, so you have to be careful.

In your Collection accounts, how old are they?   The older they are, the less likely that you will be sued.  Also, look at the Statute of Limitations in your state for debt collection  (just google "Debt Collection Statute of Limitations").  

Once you have a Judgment though, Statute of Limitations doesn't really apply.  

I hope this helps.

Top Contributor
58 Contributions
33 People Helped

there is a statute of limitation on judgements as well but the can be like 20 years in some states and the judgement can be renewed in alot of them too to restart the clock.  must check your state laws. 

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.