Q:

What is the statute of limitations on judgements?

A:

Quick Answer

The statute of limitations for collecting on judgments varies from state to state. While a judgement drops off of a credit report after seven years, the amount of time to collect on that judgment may well exceed seven years.

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Full Answer

In addition to each state having its own time frames for statutes of limitations on judgments, some states allow for a judgment to renew. This means that if a creditor files a legal document requesting the renewal of the judgment, the court that holds jurisdiction over that judgement can grant a court order to renew the judgment. When this happens, it extends the time frame for collecting on that judgment.

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    A:

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