How long does a credit card court awarded judgement stay around?

UPDATED: Aug 30, 2011

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How long does a credit card court awarded judgement stay around?

Court awarded financial judgement from 6 or 7 years ago. I made a few payments to creditor however have not for the last 5 years (I last heard from creditor at that time as well). So no restitution has been made in 5 years but it is still on my credit file as I recently pulled it; it says will remain for the 18 nor so months. What happens at that time? Does it just go away and off my report? What are my options concerning this judgement?

Asked on August 30, 2011 Missouri


FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

In most states in this country, a judgment is good for ten (10) years and can be renewed before that time otherwise it expires. A judgment accrues interest at ten percent (10%) per annum on the unpaid balance.

Until the judgment is deemed satisfied in full or if the time period for its life passes and it is not renewed, it remains as a liability against the judgment creditor.

A credit report is different than a judgment in that it is a score of a person's credit history and rating. Since the judgment creditor has not been pursuing you regarding the judgment, there is a good chance that it will fall off your credit report in a year and a half due to inactivity for collection purposes.

Your options concerning this judgment is to start paying on it or ignore it.

Good question.

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