Statute of Limitations - Time Limit for Collecting Judgments

[Credit Expert]

Statute of Limitations - Time Limit for Collecting Judgments



When a creditor wins a lawsuit against a you and is awarded a judgment by the court, there is a time limit for collecting that judgment. Many states allow judgments to be renewed one or more times, which could substantially extend the enforceability of a judgment, if the creditor is vigilant about the renewals. This can potentially result in a permanent legal obligation until it is paid.




Alabama
Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged on a judgment is: (%)12


Arkansas
Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged on a judgment is:10.5



Alaska
The Statute Of Limitations says they can collect for up to: 5 Years
The Maximum Interest Rate that can be charged in this state on a judgment is:10



Arizona
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: Fed + 5


California
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is:10


Colorado
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 8


Connecticut
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is:10


Delaware
The Statute Of Limitations says they can collect for up to: No Limit
The Maximum Interest Rate that can be charged in this state on a judgment is: Legal + Fed Discount + 5


D.C.
The Statute Of Limitations says they can collect for up to: 3 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 70% of interest rate or 6% if not specified


Florida
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%


Georgia
The Statute Of Limitations says they can collect for up to: 7 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%


Hawaii
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%


Iowa
The Statute Of Limitations says they can collect for up to: 6 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10.875%


Idaho
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9%


Illinois
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 8%


Indiana
The Statute Of Limitations says they can collect for up to:20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%


Kansas
The Statute Of Limitations says they can collect for up to: 5 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 4% above Fed Discount


Kentucky
The Statute Of Limitations says they can collect for up to: 15 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%


Louisiana
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9%


Maine
The Statute Of Limitations says they can collect for up to: 20 Years (Ouch!)
The Maximum Interest Rate that can be charged in this state on a judgment is: 7.5%


Maryland
The Statute Of Limitations says they can collect for up to: 12 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 15% if under 30 months, T-bill rate if over 30 months


Massachusetts
The Statute Of Limitations says they can collect for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%


Michigan
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 20%


Minnesota
The Statute Of Limitations says they can collect for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 6.953%


Mississippi
The Statute Of Limitations says they can collect judgments for up to: 7 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 5% changes yearly


Missouri
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: Amount in contract


Montana
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9%


North Carolina
The Statute Of Limitations says they can collect judgments for up to: 5 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%


North Dakota
The Statute Of Limitations says they can collect judgments for up to: 6 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 1% above bond equiv Yield


Nebraska
The Statute Of Limitations says they can collect judgments for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 2% above Prime


New Hampshire
The Statute Of Limitations says they can collect judgments for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%


New Jersey
The Statute Of Limitations says they can collect judgments for up to: 14 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: No provisions


New Mexico
The Statute Of Limitations says they can collect judgments for up to: 20 (ohhh no!)
The Maximum Interest Rate that can be charged in this state on a judgment is: 8.75% without written contract


Nevada
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9%


New York
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 8%


Ohio
The Statute Of Limitations says they can collect judgments for up to: 21 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%


Oklahoma
The Statute Of Limitations says they can collect judgments for up to: 5 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%


Oregon
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 4% over T-bill


Pennsylvania
The Statute Of Limitations says they can collect judgments for up to: 4 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9% renewable @10 yrs


Rhode Island
The Statute Of Limitations says they can collect judgments for up to: 20 Years (eeek!)
The Maximum Interest Rate that can be charged in this state on a judgment is: 6%


South Carolina
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%


South Dakota
The Statute Of Limitations says they can collect judgments for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 14%


Tennessee
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%


Texas
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%


Utah
The Statute Of Limitations says they can collect judgments for up to: 8 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: can be 18% w/Agreement - or 6% without


Virginia
The Statute Of Limitations says they can collect judgments for up to: 8 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: Judgement Contract Rate


Vermont
The Statute Of Limitations says they can collect judgments for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%


Washington
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 9%


Wisconsin
The Statute Of Limitations says they can collect judgments for up to: 10 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12%


West Virginia
The Statute Of Limitations says they can collect judgments for up to: 20 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 10%


Wyoming
The Statute Of Limitations says they can collect judgments for up to: 5 Years
The Maximum Interest Rate that can be charged in this state on a judgment is: 12


Hope the info was helpful. This list was updated 5-27-10. If you know of any changes please chime in and let the forum know.

If you need help removing a judgment from your credit report, please visit http://www.CreditAgenda.com.