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How Long Will a Judgment Stay on Your Credit?

Dear Debt Adviser,I have a judgment and collections account on my credit report for an old debt. The collections account is scheduled to expire from my report in September. When that happens, will the judgment remain valid? If so, what are my options? --ElanDear Elan, Owing money casts a shadow over many parts of your life, from finding a job to buying insurance. By this point, I imagine you must be getting pretty tired of it. I'm glad you wrote to me so you can get this mess behind you.What you have here are two different clocks running at the same time but at different speeds. The judgment clock will run for a lot longer than the credit-reporting clock. Here's what I mean: In general, judgments remain enforceable for 10 years (in some states, such as my creditor-friendly state of Rhode Island, it's 20 years) from the date entered or filed with the courts. However, many states allow the creditor to renew the judgment if it is not paid during the initial 10-year period. The creditor mu...

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