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Most judgments (the court order saying what youre owed) expire in 10 years. This means you cant collect on it after 10 years. To avoid this, you can ask the court to renew it. A renewal lasts 10 years.
If you lost in court, the money you owe is called the judgment. You are called the Judgment Debtor. The person you owe money to is called the Judgment Creditor. Judgments appear on your credit report, so be sure to update your report after you pay.
Since judgments no longer appear on your credit report, they do notdirectly impact your credit score. However, financial choices and behaviors that lead to having a judgment on your report may indirectly affect your score. You may have outstanding balances, debts, collections and more.
Abstract of judgment refers to a copy or summary of a courts judgment . Some common uses of the term abstract of judgment include: In the context of a civil case , abstract of judgment is a document disclosing a monetary award issued by the court in favor of a judgment creditor against a judgment debtor .
Section 52.003 - Contents of Abstract (a) An abstract of a judgment must show: (1) the names of the plaintiff and defendant; (2) the birthdate of the defendant, if available to the clerk or justice; (3) the last three numbers of the drivers license of the defendant, if available; (4) the last three numbers of the
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0:25 1:57 Once paid the Creditor can file a satisfaction of judgment. This document shows the debt is settledMoreOnce paid the Creditor can file a satisfaction of judgment. This document shows the debt is settled n another way is to appeal the Judgment. If the appeal is successful the Judgment may be overturned.

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