My question involves collection proceedings in the State of: Nebraska
As with most college students, I fell into that "get free money with just a little credit card" "scam" that most companies run these days. I couldn't pay, got sued, had my wages garnished, then moved to a state where it's illegal to garnish wages. Never paid em again, never heard from them again, and so I "forgot" about it.
Flash forward seven years later ... I'm smarter, married, and trying to buy a house. Of course, I can't get approved for a home loan with a judgement levied against me and showing on my credit report.
As of my 2011 credit report, the actual debt was scheduled to come off the credit reports as of July 2011 or so. I haven't run my credit report this year to verify that, however the mortgage company is only showing the judgement, and not an open bad debt, on the report that they ran.
However, the actual judgement won't come off until August of 2012.
I've tried calling the original debtor; they said call the lawyer. The lawyer is part of a collection firm (that's all they do), and they said that the debt was "recalled" back to the debtor. Called the debtor back, and then they say that they "just sent it back to the lawyer." I called the lawyer, they said that it may take up to a week or so to show up in their system.
I then called the original court, which was absolutely no help, and was simply told that NO MATTER WHAT, the judgement cannot come off early. I was told, "that's not the way it works."
So now, I'm in a position where I can't even pay any outstanding debt because NOBODY has it!!!!
My question is this: if I can find somebody to take my money for this debt, will anything take the judgement off early? I am unconcerned about the debt looking "satisfied," as it no longer is on my credit report. The lawyer said that if they receive the debt, and I pay the debt off, they will report the account to the court as "closed" or "satisfied."
Will this be enough for me to get this loan? Will a "closed" or "satisfied" court case come off my credit report? Or should I just wait until August or so until it comes off, even though it's been only 7 years (that's when it states it will come off on the credit report I can), but everywhere else I hear that it stays on there for 10 years?
Again, I'm only looking at the judgement information. If there is any way for me to get this removed from my credit report early, I would love to know and it would be greatly appreciated ...!