Credit Tips from Ken Strey

Dear Alan,

 

What public record information can find its way to your credit reports?

 

The answer is short and includes tax liens, bankruptcies, and civil judgments. Civil judgments are debts owed because of a court order. Tax liens are the result of unpaid taxes owed to the IRS. And, bankruptcies represent legal protection from your creditors.

 

Today most public records are collected electronically. The system used is called PACER (Public Access to Court Electronic Records).

 

Public record information can include the following information; the source of public record, plaintiff, status of the public record, date filed, date , claim amount, liability amount and responsibility. Judgment statuses can either be “satisfied” or “unsatisfied”. Satisfied means that the debt was paid. Judgments remain on the credit report for seven years from the filing date. Liens remain on file for 7 years from the date paid. And, bankruptcies remain on file for between 7 and 10 years, depending on the type of bankruptcy.

 

** Do you know of anyone who might benefit from speaking with me ?

 

Regards,

 

Ken Strey

 

Scorewell, Inc

 

Empowering People to Live Extraordinary Lives

 

 

Phone : 925-478-4732

 

kenstrey@scorewellinc.com

 

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