Thanks to credit monitoring, I discovered that a law firm was issued a judgement against me for a payment that I made 5 years ago. The judgement was for $1350 and was awarded to the plaintiff on 10/25/2006. I just found out about this on December 12, 2006 because my credit monitoring service alerted me to it. The law firm and courts have been sending correspondence to an address that I have not lived at for three years, thus I had no way of knowing this was taking place. Given that I don’t have the receipts (I lost them in one of my relocations), i felt it was best to settle the case with the firm. The settlement came to $900 and I agreed to pay it as part of a payment plan. How long will this stay on my credit report once it has been satisfied?
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How long does a public record stay on your credit report once it has been paid?
Saturday, April 12th, 2008Thanks to credit monitoring, I discovered that a law firm was issued a judgement against me for a payment that I made 5 years ago. The judgement was for $1350 and was awarded to the plaintiff on 10/25/2006. I just found out about this on December 12, 2006 because my credit monitoring service alerted me to it. The law firm and courts have been sending correspondence to an address that I have not lived at for three years, thus I had no way of knowing this was taking place. Given that I don’t have the receipts (I lost them in one of my relocations), i felt it was best to settle the case with the firm. The settlement came to $900 and I agreed to pay it as part of a payment plan. How long will this stay on my credit report once it has been satisfied?