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Most quick claim deeds are not legal. The home was in both your names that is why it is on your credit report. Your joint residence was probably never "just" his. Is it too late for you to work with the lender, keep the home and legally have him sign the property with debt over to you. Perhaps it is not worth it, but you will probably see that on your credit for the next 7 years. You could call a real estate broker to get some questions answered about the quick claim or contact an attorney. Try calling the credit rating companies to see what they have to say, it can't hurt. Best of Luck
What else can I help you with?
I paid a collection account off in full and it is showing refinanced or renewed. Is this good?
No it is not good. Any negative entry on your credit reports is a bad thing and can affect your score.
How do car payments affect credit score?
Car payments can affect credit scores positively if they are made on time and in full, showing responsible borrowing behavior. However, missing payments or defaulting on a car loan can lower a credit score significantly.
How does a car lease impact your credit?
A car lease can impact your credit in both positive and negative ways. Making on-time lease payments can help build a positive credit history, showing lenders that you are responsible with your finances. However, missing payments or defaulting on the lease can harm your credit score and make it harder to get credit in the future.
What happens to your credit when you pay off a car loan?
Paying off a car loan can positively impact your credit by showing that you can manage debt responsibly. It may improve your credit score by reducing your overall debt and demonstrating a history of on-time payments.
Where can one get a mortgage loan with bad credit?
If one has bad credit, it is difficult to apply for credit-based loans such as a mortgage loan, but there are ways of reversing the bad credit to make it acceptable for lenders. Such ways include making current credit payments in full and showing evidence of steady employment for two years. There are also FHA loans for people with bad credit that guarantee payment to the lender by the FHA if the borrower fails to make payments.
I paid a collection account off in full and it is showing refinanced or renewed. Is this good?
No it is not good. Any negative entry on your credit reports is a bad thing and can affect your score.
Can you get receipts for payments made to a collection agency?
yes and an accounting too. To be certain, make all payments in person at their office. You may request a reconciled statement showing all payments as well.
How do you record a personal loan from one person to another without collateral showing interest payments?
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How do car payments affect credit score?
Car payments can affect credit scores positively if they are made on time and in full, showing responsible borrowing behavior. However, missing payments or defaulting on a car loan can lower a credit score significantly.
How do you build a sales team made of freelancer salesman?
You have contracts with the freelancers showing what they can and cannot due and what their payments will be based on (how calculated).
How do you prepare a worksheet showing interest payments on a floating rate?
you have to have a sheet with several different interest rates because the rate is floating and not constant.
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.
Which websites offer an amortization calculator compatible with Excel?
An amortization schedule lists payments for mortgages or loans, and splits the payments into amounts and interest, showing how much is left to be paid. http://www.vertex42.com/ExcelTemplates/loan-amortization-schedule.html offers a free amortization calculator which can be used with excel to make an amortization schedule.
How can cleaning jobs help improve bad credit?
Hiring a cleaning company to clean for you can improve a bad credit rating by them providing a service and you paying them on time showing that you can be relied on to keep up with payments.
How does a car lease impact your credit?
A car lease can impact your credit in both positive and negative ways. Making on-time lease payments can help build a positive credit history, showing lenders that you are responsible with your finances. However, missing payments or defaulting on the lease can harm your credit score and make it harder to get credit in the future.
If you co sign on a auto loan and they file chapter 13 bankruptcy how do you keep your credit from showing not paid on time?
You know the answer: YOU have to make the payments. You agreed to do that when you signed the agreement. Of course, you may be eligible for bankruptcy also.
How do I get possession of a car in Michigan that I cosigned for when the owner has stopped making payments and communicating with me?
Contact whomever holds the lien, they will allow you to make payments and take posession of said vehicle if signor has ceased to make payments. I have already contacted the lien holder and they advised me that they would not get involved with me taking possession of the vehicle. All they wanted from me were back payments. I brought the payments up to date. Now I want to get the vehicle in my possession. Unfortunately I have been unsuccessful at contacting the person I cosigned for. I've even heard that he may have moved out of Michigan. I have a copy of the Michigan registration showing myself as an owner. I am currently awaiting documentation from the state that I am on the title. What is my next step towards getting possession of the car?
