Re: Charge Offs/ Judgements and Collections
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Posted by jm10101
(198.80.153.10) on September 30, 2002 at 10:52:10:
In Reply to: Re: Charge Offs/ Judgements and Collections posted by Angie on September 29, 2002 at 10:53:58:
I believe you are referring to a judgment extension - The SOL for judgments in NY is 10 years...if left unpaid the creditor can apply for a 10 year extension. A faster method of removing the judgment from your CR and eliminating the threat of the extension [ with the 8% interest ] is to pay it. NY judgments are removed from the CRs in 5 years if paid.
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