[YasminNA]

Back in 1987 I didn't pay one of my credit card and so it stayed in my credit for 7 years. I just received a judgment on my credit for the same credit card. Is this possible? This has already ruined my credit 20 years ago. What should I do?

[ballengerb1]

Chances are very good that the statute of limitations has run out for this debt. It still exists but they can not get a judgement againist you in court. Check your state statute. Could you explain further what you meant by "judgment on my credit " Collection companies buy old debt for pennies on the dollar hoping you will blink and make an offer to pay, that offer of even a penny will restart the statute. If the debt was real and you want to pay that's strictly up to you but you can no longer be forced to pay.

[YasminNA]

Thank you for the answer. They reported the "Judgment" on my creadit report. Is it possible to ruin my credit after 20 years once again? Isn't this against the law?

[ballengerb1]

That area is a bit beyond my experience but I would contact the Credit reporting agency and challenge that portion of your credit report. The statute has run out so I think the reporting of it also has run out. 7 years is the norm.