No.
Defaulted homeowner loans affect bad credit because it wont allow one to get a mortgage or another loan. Most banks and loan lending companies wont offer one a mortgage or a loan because one had taken defaulted homeowner loans.
You would have to 'buy' the house from your parents, but if you can qualify for a loan, there shouldn't be a problem.
ask an asian.
fat
No.
No you cannot take the credit when you buy your home from a close relative. This includes your parents.
Sounds like defaulted abbreviated by reporting creditor.
Depends on your credit rating, how long ago you defaulted, and how much of a down payment you plan to make. A default will stick with the credit score for 7 years.
if you co-signed on the loan then your credit will be impacted negativly just as his
If your vehicle is already up for repossession, it is already on your credit report as a delinquent or defaulted debt.
No, if you receive an income sensitive repayment plan after consolidating and the payment is $0 because of your dependents and income, then it will not adversely affect your credit score.
Some lenders report to one or two credit agencies, others report to all three. Have you checked all three reports? If you need help with your defaulted student loans, this company can help you: www.defaultms.com