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judgment

I have 2 judgments against me one from a bank unsecured of 45000 and the other a unsecured 9000. will they ever go away i have had them on my credit since 2008 what do i do at this point

Posted from: Alberta

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One Response to “judgment”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

A judgement will typically stay on your credit bureau for at least 6 years from the date of the judgement. But there are some ways that this can be extended. As a general rule your debts don’t simply disappear and I would expect that before they are removed from your credit bureau you will need to find some way to deal with that debt. Whether that be through the filing of a consumer proposal, a bankruptcy, or some other mechanism to deal with your debt, you will usually find that you are better to take action and be proactive than to simply sit and wait.