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Judgment in NC


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Posted by Susan (24.211.235.49) on July 28, 2004 at 16:31:09:

My husband had a car repossessed years ago because he lost his job and couldn't pay for it. The lender filed a judgment in 1997 in North Carolina. This all happened before we met. Fast forward to 1999,we wanted the debt settled because we wanted to buy a house(of course we didn't tell them that).We couldn't pay the amount the they wanted,so we set up a payment plan.We paid every month for 1.5 years.We stopped making payments because we just weren't getting anywhere! We have gotten recent credit reports showing the judgment is still on there,the lender hasn't updated anything with the agencies including not deducting the money that we paid.We tried for a week to contact them to settle this once and for all,but no one returns ours calls and they don't even know what account we were talking about. My question is 1) can the lender renew the judgment ?2) if so,can they come back years later after we buy a home and refile it & take our home ? 3) How much longer will it be on the credit report,its 7 years right ? We really want to buy a house ,but we don't know what we can do with this old debt lingering over us..any advice ?


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