I had a debt go bad against me in 1993. In 1995, the finance company got a judgment against me. I decided to wait it out in hopes that it wouldnt' be renewed as it was a very large sum. Unfortuntely, it was renewed against me last month and it was done 2 months before it was required to be renewed - they didn't miss a beat. But I have 3 questions:

1. They recorded the renewal in the public records. Will that renewal go on my credit report, even though it's just an extension of the original debt/judgment which was removed from my credit report after 7 years; I had it removed back in 2002. Since it's not new debt, wouldn't that mean that it can't be re-entered on my credit file and does the FCRA address renewals of judgments?

2. The company I owed went bust some years ago and they don't have a successor and didn't assign the debt as far as I know. The lawyer who originally represented them asked for the renewal. Since they no longer exist, does the lawyer still have a right to come after me for the debt and renew the judgment? If so, is he limited only to his fees? Is it possible that he can take over the debt or have it assigned to him after a period?

3. Did the finance company wait too long to get a judgment against me after the debt went bad? I got penalized 2 years from the time the debt went bad with them waiting to get the judgment and getting it recorded.

Thanks in advance.

I am pretty shure they have to take it off if the tell you they will not go to www.ftc.com; go to customer; and it has the fair credit act on it. If you can not find it go to contact them and the phone # is no there I think but it is the fair trade commission and they know it all.