[rubyruby27]

For a friend, she was sued pre AOC days for me, in another state and paid the judgement thinking it was legit.

Question: the Judgement is on her credit report but it isn't showing as paid, also they are still reporting the orginial OC as bad debt with a balance.

I remember reading somewher I think that a creditor can only be on the credit report one time.

Can a judgement and a TL indicating charge off be listed on the credit report.

Once a judgement is paid is it suppose to be removed from your report.

[jlynn]

[quote=rubyruby27;45112]For a friend, she was sued pre AOC days for me, in another state and paid the judgement thinking it was legit.

Question: the Judgement is on her credit report but it isn't showing as paid

Your friend needs to dispute this. Does she know if the creditor filed a Satisfaction of Judgment with the court?

I remember reading somewher I think that a creditor can only be on the credit report one time.

Not exactly true. A judgment is a new debt. However, the original debt (reported by OC not as a public record) should be reporting -0- balance sold or transferred.

Once a judgement is paid is it suppose to be removed from your report.

No.

[hannah]

Originally Posted by rubyruby27

Once a judgement is paid is it suppose to be removed from your report.

You need to check your state code for the length of time a paid judgment may be reported. The FCRA says

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:

(1) Cases under title 11 [United States Code] or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years.

(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.

Some states specify that a judgment can be reported for a longer period of time, usually 10 years. If your state has no statute on length of time, then it's 7 years.

[rubyruby27]

No, only one CR is reporting as as unpaid the others are reporting as paid. Yes, she has a satisfaction of lien in her possesion.

She only has one hard copy TU and the OC is reporting it as a bad debt charged off with a balance. Plus the public record also indicates a balance.

She doesn't have hard copies from EX or EQ yet but the online says they are paid.

This occurred pre AOC days for me what happen is the lawyer sued her in another state and won, then they sent her a copy of the Judgement, she started paying on it. By the time I found out it was 2 yrs later-damage done can't fix it.

She negotiated a settlement with my help and its paid. Now she has to fix her credit report==this is my roommate and we have a house together and need to refinance.

Thanks for the info, if you have anything else to help please post. I will tell her to dispute.

[rubyruby27]

Need help understanding something

Judgement is reported on only one CR--thats good, what are the chances it will appear on the others 1 year later.

the OC is reporting on one of them as still owing the full amount.

on another they are reporting she owes the difference between the settlement amount and the amount she owed. is this legal since she has a satisfaction of judgement and a letter stating they will accept the amount she offered.

how would you dispute without mentioning judgement.

[hannah]

Originally Posted by rubyruby27

Need help understanding something

Judgement is reported on only one CR--thats good, what are the chances it will appear on the others 1 year later.

the OC is reporting on one of them as still owing the full amount.

on another they are reporting she owes the difference between the settlement amount and the amount she owed. is this legal since she has a satisfaction of judgement and a letter stating they will accept the amount she offered.

how would you dispute without mentioning judgement.

Well....I would start with obsolete. That will at least get their attention and make them look up the info. The CRA's just may delete it. Can't say for sure though. Perhaps someone else will have a better idea.

[jlynn]

Originally Posted by rubyruby27

the OC is reporting on one of them as still owing the full amount.

on another they are reporting she owes the difference between the settlement amount and the amount she owed. is this legal since she has a satisfaction of judgement and a letter stating they will accept the amount she offered.

Neither is accurately reporting. The judgment is the only debt she owed, as the original debt does not exist anymore.

how would you dispute without mentioning judgement.

"this debt was transferred and therefore should be reporting a -0- balance.

Ruby, there is no clear cut 100% tried and true way to dispute a tradeline.

You might have better luck with a FACTA dispute.

[rubyruby27]

Jlynn thanks for the help.

I was hoping that others who have been through this could help word my disputes correctly so that I am assured a violation if they don't correct. So a court of law doesn't come back and say sorry, you didn't word that correctly.

I have been able to find reaging from OC's and JDB's - while I know I need to be specific I really want to get 2 of them. I think I have enough evidence to get them on factoring and reaging. Even the OC's have different dates to be removed and I have old cr that says all of them are wrong.

I have some specific questions basically regarding the fdcpa and or fcra.

If a major bank accepted an amount as a settlement and the account was charged off say in 2003 but you paid them in 2007 does that reage the account legally. I just want to make I understand it correctly.

This major bank not only accepted a settlement they are now saying you owe 500 and they are adding interest to this amount.

Another question I would like to know how to handle.

I was late on my LOC 2 years ago and it is being reported as potentially negative and will go postive in 2012, is this hurting my score and how do I correct.--I disputed this last time and they verified.

I had a late payment on a card that is paid off/paid as agreed, not used since 2004 but in 2004 I was late once it too is being reported in the potentially negative section.

[jlynn]

Originally Posted by rubyruby27

Jlynn thanks for the help.

I was hoping that others who have been through this could help word my disputes correctly so that I am assured a violation if they don't correct. So a court of law doesn't come back and say sorry, you didn't word that correctly.

That's one reason we recommend multiple disputes. Just as a CYA.

If a major bank accepted an amount as a settlement and the account was charged off say in 2003 but you paid them in 2007 does that reage the account legally. I just want to make I understand it correctly.

No - a chargeoff can never be brought "current", and therefore reaging to the settlement date is illegal. In other words, this account should fall off in 2010.

This major bank not only accepted a settlement they are now saying you owe 500 and they are adding interest to this amount.

Was this settlement in writing.

I was late on my LOC 2 years ago and it is being reported as potentially negative and will go postive in 2012, is this hurting my score and how do I correct.--I disputed this last time and they verified.

Any time there is anything other than 100% positive, you will find it in the "potentially negative" column. Lates hurt your score, but the effect is lessened with age. A two year old 30 day late is probably not affecting you much. I've had lates removed, and gained a whopping 1 point LOL.

I had a late payment on a card that is paid off/paid as agreed, not used since 2004 but in 2004 I was late once it too is being reported in the potentially negative section.

Same as the LOC situation.

[rubyruby27]

Again, thank you

Yes, everything is in writing. Good old BOA may owe her some money if they don't correct it.