I was told by the circuit court that Experian would have to come in and pull the satisfied judgment in order to remove it from my records. Is this correct?
The answer is yes and no.
The first part of the explanation is correct. Experian, or a representative of Experian, will need to review the court records. That is done periodically, so the status of the judgment should be updated automatically through that process.
The second part of the information you received is incorrect. The judgment will not be removed from your credit report. Instead, the status of the judgment will be updated to show that it is paid.
Civil judgments remain on your credit report seven years from the filing date. Paying the judgment will not change that date or cause the judgment to remain in your credit report less time.
It won’t cause the judgment to be deleted, either. Remember, your credit report is a credit history. Paying the debt is a positive step, but the negative history doesn’t go away immediately.
Thanks for asking.
- The “Ask Experian” team