Legal Question in Credit and Debt Law in Pennsylvania

Re: judgments

If a judgment has been entered the only way to get rid of it is to file a bankruptcy, satisfy it, or to make some type of arrangement with the judgment holder. However, there is a statute of limitations for filing a suit. That is four (4) years.

Re: judgments

You asked about judgments on credit card debt.

Credit card debt, like most other consumer debt, has a statute of limitations of four years. That means the creditor must file suit within four years of the last consumer generated activity on an account.

As opposed to consumer debt a judgment last for 20 years and may be renewed by the judgment creditor. There are two ways to satisfy a judgment debt. Satisfy the judgment through settlement with the creditor or discharge the debt in bankruptcy.

Regards,

Roger