
Quoting
JETX
Okay, let's get you some ACCURATE answers.....
1) A credit reporting agency (CRA) is only required to provide ACCURATE information in your file. If a judgment existed, it can be shown. The simple fact that a judgment may or may not be valid any longer has no effect on the fact it is shown (though it may now show that it has been paid).
2) 'Oh my' is not correct on the amount of time a judgment can show on your credit history.
Here is what the FCRA (Fair Credit Reporting Act) says about the duration that a judgment can remain:
§ 605. Requirements relating to information contained in consumer reports [15 U.S.C. §1681c]
(a) Information excluded from consumer reports. Except as authorized under subsection (b) of this section, no consumer reporting agency may make any consumer report containing any of the following items of information:
(2) Civil suits, civil judgments, and records of arrest that from date of entry, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period.
What this means is... a judgment in 'personal property' in PA is valid for TWENTY years. The CRA can report that judgment for that full period.