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    sweetfeet's Avatar
    sweetfeet Posts: 1, Reputation: 1
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    #1

    Dec 10, 2009, 03:58 PM
    Satisfied judgment lifted
    I had a small business that went belly up. I had a judgement against me for the total cost. I allowed the loan agency take possession of the building and the money owed was satisfied. However, the original judgement is still on my record. How can I get it removed?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Dec 10, 2009, 04:00 PM

    It will expire after 7 years. But it should be listed as satisfied.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Dec 10, 2009, 04:13 PM

    Correct the fact there was a judgement ( court action) remains for 7 to 10 years ( can't remember for sure ) but the status changes from open and unpaid to paid or satisfied so that creditors can tell you did pay it.

    You could I assume challenge it on the credit report, and if they don't confirm it, then it could be taken off. But since it is a valid entry, it should remain.
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