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You may be able to still buy a home. Why is your credit bad? Do you have a down payment?
Well, to start with a judgment stays on your credit for a minimum of 10 years until you pay it off. It could have an impact on your ability to buy a home, a vehicle, get other credit cards, etc.
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.
Seven years or until the SOL pertaining to the judgment expires. Many states have domestic judgment SOL's that are 10 or 20 years, and many judgments are renewable. The older the judgment becomes, the less affect it has on the credit score. It will may cause other problems, for example, if the consumer wants to buy or refinance a home and in some cases, a vehicle(s), the lender may require the judgment be paid before approving any loan.
The main advantage of no credit check home loans is that you can get a loan for a home even if you have bad credit. This will allow you to buy a home of your choosing.
You may be able to still buy a home. Why is your credit bad? Do you have a down payment?
Well, to start with a judgment stays on your credit for a minimum of 10 years until you pay it off. It could have an impact on your ability to buy a home, a vehicle, get other credit cards, etc.
A judgment granted by a court will appear on a credit report whether it has been excecuted or not. A few judgments have SOL's many can be renewed indefinitely.
You will need to prove that you have made an arrangement to pay the judgement or proof that it has been paid.
As long as the judgment is marked as paid, you should not suffer any ill effects from having it on your credit. It is always a good idea to have a copy of the paid letter from the court in your files, so it would be easily accessed if requested.
NO
Yes. Credit cards count on you charging alcohol on your credit cards. The more you lose your judgment, the more you will get into debt and take longer to pay.
i think by paying the amount in the installments and reducing all the luxuries you can still buy a sweet home
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.
Seven years or until the SOL pertaining to the judgment expires. Many states have domestic judgment SOL's that are 10 or 20 years, and many judgments are renewable. The older the judgment becomes, the less affect it has on the credit score. It will may cause other problems, for example, if the consumer wants to buy or refinance a home and in some cases, a vehicle(s), the lender may require the judgment be paid before approving any loan.
The main advantage of no credit check home loans is that you can get a loan for a home even if you have bad credit. This will allow you to buy a home of your choosing.
Buy a cheap one and pay cash.