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Does a credit card debt judgment ever expire in New York?

Does a credit card debt judgment ever expire in New York?

Q: How long before a credit card debt becomes uncollectible?

In New York, a credit card debt typically becomes uncollectible after six years from the date of the last payment or acknowledgment of the debt. After this period, creditors can no longer file a lawsuit to collect the debt, although they may still attempt to collect it through other means.

Q: How do I stop a judgement for credit card debt?

To stop a judgment for credit card debt, you can file a motion to vacate the judgment in court. This may involve demonstrating that you were not properly notified of the lawsuit or presenting a valid defense to the debt. It's advisable to consult with an attorney to understand the best approach for your specific circumstances.

Q: Do credit card judgements expire?

Yes, in New York, credit card judgments do not expire but remain enforceable for 20 years. After this period, creditors can no longer take legal action to collect the debt. However, the judgment may still appear on your credit report during that time.

Q: Can judgements be removed from my credit report?

Judgments can be removed from your credit report if they are paid or vacated by the court. If the judgment is older than seven years, it should automatically be removed. You can also dispute inaccuracies with the credit reporting agencies to seek removal.

Full question:

I want to stop a judgement against me for credit card debt. Does this ever expire?

Category: Judgment Liens
Date: 04/07/2025
State: New York

Answer:

In New York, a money judgment remains enforceable for 20 years. This means that creditors can take action to collect the debt during this period.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

What happens when a credit card company puts a judgement against you?

When a credit card company obtains a judgment against you, it means they have legally established that you owe them money. This judgment allows the creditor to take various actions to collect the debt, such as garnishing your wages or placing liens on your property. Additionally, the judgment will likely appear on your credit report, negatively impacting your credit score.

How to stop a credit card judgement?

To stop a credit card judgment, you may consider negotiating a settlement with the creditor or filing an appeal if you believe the judgment was issued in error. You can also seek to vacate the judgment by proving you were not properly served or that there were valid defenses to the debt. Consulting with a legal professional can provide guidance tailored to your situation.