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What does release of judgement mean?

What is a Judgement Release? A Satisfaction of Judgement is proof you paid what you owed. Without this document, it will be impossible to get a mortgage, secure a loan, buy a car, rent an apartment, or do anything else that requires you assume new credit. Without the form, collection efforts can also still continue.

How long does a Judgement stay on your record in AZ?

I. In Arizona, a judgment is initially effective for ten years after the date of its entry, and execution must be accomplished within that period. A.R.S.

How long does a judgement stay on your credit report?

A judgment stays on your credit report for seven years, although in some cases such as bankruptcy the judgment can stay for as long as 10 years, and it does not matter what type of loan the judgment relates to: a car loan, a student loan, unpaid credit card debt, a personal loan, a cosigned loan, etc.

How do I vacate a Judgement in Arizona?

A motion to vacate must be filed within a reasonable time. For reasons (1) and (2), the motion must be filed no more than 6 months after the entry of the judgment or date of the proceeding, whichever is later. (c) Providing the Motion to the Other Party and Time for Response.

How do I remove a Judgement in Arizona?

File Motion to Vacate Judgment in Arizona To vacate a judgment is to declare it null and void. Any party can petition the court to be released from judgment by filing a request with the court.

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