Should I continue to pay a judgment on a student loan that no longer appears on my credit report?
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The judgment used to show on my credit reports, but is no longer showing. Does this mean that I can stop paying it, or should I continue to pay?
Yes, you certainly should continue paying!
Just because something no longer shows on your credit report doesn’t mean that you do not still owe. It is common for people to confuse between the 7-1/2 reporting period to the actual liability to pay their debts.
You should also keep in mind that judgments are good for a long time and can be renewed. You certainly don’t want the judgment reappearing on your credit report.
The judgment holder can also use the judgment to garnish wages, attach bank accounts, and lien personal property. It would be a good idea to pay off that judgment before you incur additional fees & interest.
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