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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

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โˆ™ 2005-09-13 23:36:10
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Q: If you are current on your house and car payments can the credit card people take that away from you?
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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 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.

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.

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.

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.

One Of The Most Important Numbers?

Your credit report is one of the most important numbers you will have in your life. You can call one of the credit reporting agencies to have them send you your credit score. When you buy a car or a home your credit score will be used to determine the down payment and the monthly payments. It can also determine if you even get the house or car you wish to purchase. You can improve your credit score by making payments on time.

Can you have your name on a house with bad credit?

People who pay for everything in cash have no credit.

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.

How much do you save to buy a house?

It will depend on how good your credit is and what you want your payments to be. If the price of a house is $100,000 and your credit is good and your fico score(this is your credit score) is 660 or higher You will need to put down 5%-10 % or $5,000 - $10,000 plus closeings cost of another 4% or $4,000.00 so if your credit is good you will need to save 9% -15% of the cost of the house you want to buy. Now if you have bad credit, you should clean up your credit before you buy. With bad credit your intrest rate will be high and your house payment will be high.

Is there government assistance for house payments?

is there any help out there to help make house payments

How many points does your credit score go up from buying a house?

As long as you make all of your payments as agreed and are never late financing a home is one of the best things people can do for their credit. Your score goes up after 6-months and continues to go up the longer you make your payments. It shows stability and responsibility. Only if you do not make your loan payments fully and on time will the score not improve. If you make the loan payments and avoid taking out any other loans or new lines of credit for a while, it could actually significantly improve your credit score. It will take several months to a year to do so, but the longer you handle a sizable loan like that responsibly, the more good it will do your credit score.

Hello, I am a single parent looking to purchase a house in Delaware County. I have very good credit. Are they any programs available for low income people that could lower my payments Thanks.?

You could try hud

Can a mortgage company continue to report your debt as late after the bankruptcy is confirmed and you have continued to make monthly payments on time?

Payments in the last 12 months are reported on your credit report. The BK 7 and the previously late payments will continue to show on your credit report, but eventually your ontime payments will be the ones showing. You may be able to get a statement that the house was redeemed in the bankrupcy, but all late notices for the past 12 months and/or a notice of foreclosure will remain.

What is the current ration of people to representatives in the House of Representatives?

the current amount of represenitives are 435

Does a house go into foreclosure for lack of homeowner payments?

At the discretion of the lender, a house can be foreclosed after a period of missing payments.

How do you get your car repossessed?

If you don't pay your car payments, people go to your house and take it away.

Where can one get a house loan with bad credit?

Getting a home loan or mortgage with bad credit may be difficult but not impossible. You may qualify for a FHA loan which is insured by the federal government. But traditional mortgage lenders may provide loans to people with bad credit with some provisions like higher interest rates, larger down payments, or a co-signer.

If you have a judgment on your credit report can you buy a house?

Generally no, but some lenders will allow a judgment to stay open on your credit report if you provide a repayment agreement and proof that payments have been made on time for 6-12 months.

If your wife's house is in foreclosure and the note is in her name but you have made payments on it in the past will it hurt your credit or only hurt hers?

I would say it should hurt her credit only. But i guess that would depend on if the house is in your name as well. Hopefully its in here name only and it should only affect her.

What if your daughter bought a home with her grandmother as a co-signer she now faces foreclosure should she file chapter 13 bankruptcy how does all this effect her grandmother?

If the house is headed for foreclosure, anyone on the title and the mortgage is facing foreclosure, not just one of the owners. If the daughter was responsible for the mortgage payments by agreement with her grandmother, and got behind in payments, she may be able to pull the mortgage out of foreclosure by a Chapter 13, if she can afford the plan payments and the current mortgage payments. If the Chapter 13 cannot succeed without financial input from the grandmother, it will be up to her to let it go forward and lose the house. Either way, the fact that the house is in foreclosure will affect her credit score.

Can my house be repossessed if my husband is madebankrupt but is not on the deeds?

Your husband's name is not on the deed, but is he on the loan? If yes, then it cannot be foreclosed and repossessed if the property is listed on his bankruptcy filing, and, as long as his bankruptcy payments are current. If he defaults on bankruptcy payments, then you can lose the property. If he is not on the loan, then your house can be foreclosed and repossessed.