My credit score now is in the mid 600 and rising slowly.
Then my advice is to let sleeping dogs lie.
Can whom ever they sold the debt to renew it or refile a new lawsuit?
They can renew it because they own it. But the time has past for renewing it. An attempt would likely be unsuccessful, especially if you challenged it. And, no, they would be barred from filing a new lawsuit if you left things alone.
I have heard that the "judgement" will stay on my credit forever or untill it is paid off or removed.
I believe that the judgment falls off after 7 years. You can google that to verify.
If I wait it out another few years will it just dissapear from my credit? Do I have to file or write to NCO (the original plantiff) to have them remove it.
Should automatically drop off after 7 years, or at least within a few months thereafter. You don't write to the creditors. If the judgment stays on longer than it should you dispute the item with each of the 3 credit bureaus.
Would you reccomend doing that now since they no longer carry the debt.
I recommend not doing anything and not writing to anybody. It might be like poking a hornet's nest.
I am concerned because this has been affecting my job search
Yeah, there's that.
I have heard that it is impossible to get any type of credit as long as there is a Judgement on my credit report, home loan, CC, car loan, etc...
Not exactly impossible, but difficult.
Don't be in such a hurry to borrow money again. It's a dangerous trap. The first question that people ask after bankruptcy is "How soon can I get credit again?" The next question is "How soon can I file bankruptcy again?"
I am wondering what is the best way to take care of this.
Do nothing and wait it out. It's your sentence for the default. Serve it.
The fastest and most efficient way to remove it from my credit.
Even if you paid it, it wouldn't be removed, it would only change to satisfied, which is a more positive entry that would increase your score.
Right now it seems like I should just wait it out another few years and keep building my credit the best I can.
That's the best route. And the discipline you learn during that period will be a valuable asset for the rest of your life.
If I do wait it out what happens then?
Once the judgment drops off and your score creeps up over 700 you'll be in the favored range of credit scores and what happens can be anything you want to happen.