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If you have a judgment on your credit report can you buy a house?
Wiki User
∙ 14y ago
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.
Wiki User
∙ 14y ago
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Can you sell your house with judgments on your credit report?
Sure; the problem in such a case would be getting a mortgage to buy a house, not selling a house.
Can you buy a house if you have a foreclosure on your credit?
you must restore your credit.
How will taking a car back to buy here pay here affect credit when they do not report anyway?
If they don't report, then you don't have to worry about it affecting your credit.
How long does an unpaid judgment stay on a credit report?
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.
How do you get a credit report without a credit card?
There are actually plenty of alternatives. You can buy a home, buy a car, even some home utulities services will do it depending on where you live. Typically, if they ask for you SSN, then it will most likely appear on you credit report.
Can you sell your house with judgments on your credit report?
Sure; the problem in such a case would be getting a mortgage to buy a house, not selling a house.
Will an unenforced judgment show up when trying to buy a home?
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.
Will it hurt you in being able to buy a house or car if you lose a civil suit against you?
Probably, in most cases a judgment is entered against the defendant. A judgment will remain on a person's credit report for seven years from the time of entry and if renewable can be reentered on one's CR. The length of time a judgment remains public record depends upon the laws of the state in which the judgment is entered.
How long will an unpaid judgment stay on your record and once removed from your record can the unpaid judgment still be enforced for example if you buy a car or house?
Judgments remain in the public recoreds portion of a credit report for 7 years. Most judgments are renewable and can be reentered thereby making it possible for a judgment to remain on the CR for an undetermined amount of time. Until a judgment is paid in full or satisfied, it is valid and enforceable and can impact any future financial transactions. The FCRA (Fair Credit Reporting Act) Statute of Limitations is 7 years for reporting, even if the Judgment is renewed by the Plaintiff who has the judgment against you, it cannot report after the SOL has run its' course.
Can you buy a home with bankruptcy on credit report?
NO
Buying a car from a buy here pay here dealership can they garnish your wages or send it to the credit bureau?
If they get a judgment they (or anyone they sell your debt too) can garnish yourwages and yes they will report it to a credit bureau.Try too buy a used car and pay for it outright you will save alot of money.
Do bad credit reports make it difficult to buy a house?
Yes, a bad credit report can cause you to be either be declined for a new home purchase or to have a higher interest rate. Either way, a poor credit report can make it more expensive or impossible to purchase a new home.
What are the main reasons that someone would want to get a copy of their credit report?
It depends, maybe someone wants to buy a car, they might need proof of their credit score, some dealerships require you to have a decent credit score; also, when buying a house, your credit score sometimes kicks in, so evidence of your credit score/report are necessary.
What is the use of the credit report government?
"The use of the credit report government is to determine whether or not an individual or a couple of individuals are capable of affording something that they are wishing to buy. This is normally used for big purchases such as a house, car, or other form of life altering purchase."
Can you buy a house if you have a foreclosure on your credit?
you must restore your credit.
How will taking a car back to buy here pay here affect credit when they do not report anyway?
If they don't report, then you don't have to worry about it affecting your credit.
How long does an unpaid judgment stay on a credit report?
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.
