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If you are current on your house and car payments can the credit card people take that away from you?
Wiki User
∙ 18y ago
no they just tell u that so u pay but just in case get a homestead on ur house that way no one can put a lien on it
Wiki User
∙ 18y ago
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If you own more than one property and you are foreclosing the other property how will it affect the property that is still current on payments?
There will be no affect to the house with the current payments. Even if they are with the same lender. But it will hurt your credit badly...at least for 4 years.
How do I start to get credit to build a credit score?
To get credit to build a credit score, you must take a loan out on something such as a car or a house and then make payments. The more you are on time, the better your score will be.
How long takes to affect your credit the late payments on your house?
The lender is likely to report this to the credit reference agencies within a week of the default
What are the most common credit obligations?
All purchases made with credit cards become credit obligations, in the sense that you are legally obligated to pay for the items you buy on credit. Most home buyers also require a loan to buy a house, and they are obligated to make payments on that loan. Student loans are also very common. People finance their higher education on credit, and they are obligated to make payments on those loans.
Can I lose my house in Wisconsin because I have bad credit?
As long as you were given a mortgage and are keeping up the payments, you are not likely to lose it. However, if you fail to make payments on time, bad credit is likely to increase the chances of foreclosure.
Dad dies and leave his home to his son. Son wants to keep the house but his credit is not the best although he can make the payments. What can he do?
If your credit score above 500 , and have been employed for at least 1 to 2 years, you might be able to get a loan through your bank or credit union to buy out the mortgage from the current lender. If you have not ask the current lender how you can assume the loan, try asking them and explained them about your situation and see what you can do.
What is ACH processing used for?
ACH stands for Automated Clearing House and is the network for all financial payments and transactions in the US, excluding credit card payments. It is governed by the Federal Reserve and the National Automated Clearing House Association.
If your house was not reaffirmed before your ch 7 was dismissed does your mortgage company have the right not to show on your credit reprt that you have a house and are making payments?
Yes. Failure to reaffirm means that you cannot be sued to recover a deficiency. You can still make the payments.
Name the first bill you pay each month?
house rent mortgage utilities car payments credit card
How can I buy a house with bad credit?
The best way to buy a house with bad credit is to pay off any collections listed on your credit. Make sure you make all payments regularly for an extended period of time. Try to get prequalified before looking.
What is an automated clearing house?
An automated clearing house is an electronic funds transfer system which allows for inter-bank clearing of electronic payments, such as credit card transactions.
Can you have your name on a house with bad credit?
People who pay for everything in cash have no credit.
