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Can Liens by credit card companies be placed on jointly owned property?
Yes. My husband had credit card debt from before we got married and purchased out house. It turned into a judgment lien and not it's attached to the house we bought together even though the house is in both our names and I had nothing to do with the credit card.
Can someone who is on the home deed but not on the mortgage get a home equity line of credit?
The persons who are on title must both sign for a equity line of credit.
If both parties agree to dismiss there cases in small claims court will the judgment still show up on your credit report?
If the cases are dismissed by both parties in small claims court, then there shouldn't be any judgment on your credit report related to those cases. It's important to make sure that all legal documentation reflects the dismissal to avoid any potential errors on your credit report.
Would it be better to let credit cards go into judgment or file bankruptcy?
Neither. Both of your stated options are bad.
Which is worse Charge off or judgment?
Depends how you look at it. They hurt your credit score the same if they are on your credit report. But they can be collected differently. If someone gets a judgment against you they can garnish your wages and take your tax refund. A charged off account is usually sent to collections and could possible be turned into a judgment. Either way, you still owe debt on both and they hurt your credit the same.
What is the difference between an agreed judgment and default judgment and will both have equal impact on credit ratings?
There's no difference in how the judgment is entered on a credit report. An agreed judgment indicates the debtor(s) appeared in court but did not have a valid defense as to why the debt was not owed, therefore a judgment was entered against him or her. A default judgment indicates the debtor(s) did not appear in court thereby forfeiting the right to defend the suit, resulting in a default judgment being entered in favor of the plaintiff. The execution procedure of either type judgment is also the same.
Is it easier for a person with poor credit to refinance their house with the help of a cosigner who has excellent credit?
It can be easier if you use their credit by putting them on title on the home and use there credit, however they will be responsible for the loan and be on title as at least a part owner. If you use another persons credit to do a refinance, the other person must in most title states be put on title and will be responible for the loan even if you both sign which you would have to do.
If you adds your sister as a second cardholder to an account will your credit be negatively affected by your sister's bad credit?
No. Only is she became a joint account holder, then both persons credit would be affected if any default occurred.
How does surrendering your house in chapter 7 affect your credit report?
If you are surrendering your house anyways, it is usually better for your credit score if you do it through bankruptcy. If your house is foreclosed on before you file bankruptcy, then your credit score is hit by both the foreclosure and the bankruptcy. If you let your house go back through bankruptcy, instead, then your credit score is only hit by a bankruptcy.
Whose credit score is used on a joint mortgage?
Both persons if it is applicable. In some cases a married couple will hold a joint mortgage but only the wage earner will have a credit score on record.
Is there a different affect on your credit if there is a consent judgment or a settlement order entered?
This answer depends on the procedures of the courts in your state. Generally, a judgment will be reported on your credit rating a will be a negative mark against. Instead, you can have a stipulation for settlement that keeps the case open and then the case is dismissed when the settlement has been fully paid.
Your fiance passed away both your names are on the house can the hospital put a lien on the house for his owed medical bills?
yes they can, and will if his bill is not paid. sell the house as soon as you can before they get a judgment against his estate.
