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How do defaulted homeowner loans affect bad credit?

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.


If your parents bought a house in their names because your credit could not secure a loan can your wife and you later refinance in your names only?

You would have to 'buy' the house from your parents, but if you can qualify for a loan, there shouldn't be a problem.


What is the benefit of getting defaulted loan off of credit report versus paying off defaulted loan?

ask an asian.


Can you claim ppi on your credit card if you have defaulted on payment?

fat


Can a creditor garnish your federal taxes to cover a defaulted credit card?

No.


Do you qualify for first time home buyer if you bought from parents?

No you cannot take the credit when you buy your home from a close relative. This includes your parents.


Dfd on credit report?

Sounds like defaulted abbreviated by reporting creditor.


Could you get a conventional house loan even if you defaulted on your student loans?

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.


Your husband defaulted on his vehicle loan How will it affect your credit report?

if you co-signed on the loan then your credit will be impacted negativly just as his


Repo how long will it take to get on credit report?

If your vehicle is already up for repossession, it is already on your credit report as a delinquent or defaulted debt.


If a defaulted student loan is consolidated with repayment at 0 does this affect credit rating for non-payment?

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.


Why isn't my defaulted student loan on my free credit report?

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