If there is a mortgage/equity loan involved,that loan will report on your credit history. The lien will report on the title of the house. A title search will be conducted if you are selling or refinancing the house.
Yes. A lien will show up on your credit record whether you paid cash or mortgaged your property.
When you have a lien it shows on your credit rating, this is because money is owed to someone and not paid, also if you want to sell your house the lien would have to be paid off first, it also remains on your credit rating for 7 years.
Yes. Any lien affects credit.Yes. Any lien affects credit.Yes. Any lien affects credit.Yes. Any lien affects credit.
In this state a credit card judgment can not put a lien on a house. Other answers indicate that in other places it can. You will need to find out about the law in your area.
You have to, it is a debt...it is just a secured debt...by the lien on the property.
They can put a lien on your house if they have obtained a judgment against you. Then, when you sell your house, you will have to pay them first.
usually 7 years
Credit card companies will not generally be able to put a lien on your house for unsecured debts. There may be some exceptions to this, but this situation would be rare.
If the lien is reported to your the 3 credit reporting agencies or even one as a collection it will effect your credit. If the lien is just on your home it will not effect your credit however you will have to pay the lien off when you sell or refinance your property. Also some of these liens have running interest which can be a shock in the future.
No. There is no such thing as a lien on credit because credit is not tangible property. A lien can be applied to property only.
no,,,,,,but they can put a lien on it,,,and when you sell your house,,it has to pay the lien amount,,,before you get any money from the house.
It would not affect your credit at all because you are merely the tenant and are renting the property. Since you do not own it, and the owner is the person that has the lien filed against them, it will not affect you or your credit.
You credit score will not improve just because any lien is deleted. You have to earn your credit points by payment history of creditors you make agreements with.
CAN CREDIT CARD COMPANIES OR THE AGENCIES THEY SELL YOUR DELIQUENT ACCOUNT TO PUT A LIEN ON YOUR HOME IN SOUTH CAROLINA AND IF SO WHAT ARE THE RULES ?
Yes, a credit card company can put a lien on your bank account or your house in North Carolina. They would have to go to court and obtain a judgment and will probably not do this unless you owe a large amount.
How can I get a lien removed from my credit report what is the statute of limitation law?
I mean is can the house have a lien put on it by the credit card co.?
It depends. Some credit cards come to you as equity loans (you activate the card, it gives you a limit on the card equal to the equity on your house) and if you don't pay off the loan, the house belongs to the company. If it is a regular credit card and you don't pay, they may take you to court and win a judgment against you. That would allow them to put a lien on the house in the amount of the judgement. So, to answer your question, yes, there are ways that a credit card company can put a lien on your house.
Yes, it will affect your credit. My sister had a lien and she could not get some credit she applied for because of it.
The lien can be reported to a credit reporting agency.
If the lien is attached to a valid debt, the only recourse the debtor has is to pay the amount of the lien. If the judgment debtor believes the lien to be faulty he or she has the legal right to file suit to have the lien removed from the encumbered property.
The person whose property is encumbered will need to pay the judgment lien or file a lawsuit requesting the lien be removed valid proof that the lien is without merit will need to be presented at the hearing.
Yes if they are awarded a judgment in court.