1. 7-years. 2. Yes, but not much. 3. No. The only thing that will change is the judgment/delinquency falls off all other activity remains. 4. Until the statute of limitation runs out.
by SPIFIMAN1 - a day ago
Simply because the bad comments, a delinquency, judgement, etc., come off your credit report does not mean that the credit score will improve very much. You need to have actively been rebuilding/building credit during those 7 years. In building or rebuilding credit you need to always, always pay your bills on time. Every thing from utility bills to rent or your mortgage. Then get a credit card or two, the big ones, Master Card, Visa, Discover, American Express and when you use credit to buy something make sure you have the money in you bank account to pay your monthly credit card bill in full each and every month. There are other factors involved in your credit score, but this is the big one. For more information, as well as info on credit cards (Amex, Visa, MC, Prepaid cards, and cards for sproblem credit) go to http://www.how-is-your-credit.info/...
by mikeherman45 - a day ago
1: For national credit reporting companies 7 years 2: It will get better provided you have paid off credit lines and well been good. Credit cards, mortgages, car loans etc 3: Just like brand new credit which doesnt mean good. It means there is no history so you will not have a good credit score. A simple credit card/gas card that you use for small amounts monthly and pay it off will help far more than nothing 4: Every state is different and it also depends on the type of credit that was defaulted.
by Bob D - a day ago
"4- HOw long does a creditor have to enforce the judgement" Ah you see there is the snag, a creditor can go in and renew a judgement if it hasn't been satisfied yet. So in essence if the creditor is diligent, FOREVER until it is paid.
by Craig T - a day ago
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