Reply
Member
mic71
Posts: 21
Registered: ‎01-29-2008
0

Judgement not on credit report .. why?

I have been talking to a morgage company and he says my husband and I will probibly qualify for FHA loan. The bad credit on our history is over 5yrs. old. I have one question I know I have an old judgement on mine but this did not show up on our report ?? any clue as to why? I plan on taking care of it but I'm confused as to why it isn't reported?
Moderator Emeritus
fused
Posts: 16,336
Registered: ‎03-12-2007
0

Re: Judgement not on credit report .. why?

Sometimes items, good or bad including judgments, do not report to all three CRAs. Have you pulled all three of your reports?
Credit Profile -
FICO 08 Scores (08-22-2014): EQ 820, EX 817, TU 815
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Credit Cards -
Amex BCP 25K ~ Amex Clear 25K ~ Amex Platinum NPSL ~ Chase Freedom Visa 19.3K ~ CITI Dividend World Mastercard 20.3K ~ FIA Fidelity Investments Platinum Plus Visa 40K ~ First Hawaiian Bank Gold Visa 10K
Established Contributor
gdtobefree
Posts: 536
Registered: ‎01-24-2008
0

Re: Judgement not on credit report .. why?

Who pulled your credit?
The person you have been talking to?
If so and the judgement was not there BITE YOUR TONGUE and don't say a word, don't look for it, don't ask about it IT IS GONE shhhhhhhhhhhhh
Moderator Emeritus
fused
Posts: 16,336
Registered: ‎03-12-2007
0

Re: Judgement not on credit report .. why?



gdtobefree wrote:
Who pulled your credit?
The person you have been talking to?
If so and the judgement was not there BITE YOUR TONGUE and don't say a word, don't look for it, don't ask about it IT IS GONE shhhhhhhhhhhhh


HA! Agreed!
Credit Profile -
FICO 08 Scores (08-22-2014): EQ 820, EX 817, TU 815
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Credit Cards -
Amex BCP 25K ~ Amex Clear 25K ~ Amex Platinum NPSL ~ Chase Freedom Visa 19.3K ~ CITI Dividend World Mastercard 20.3K ~ FIA Fidelity Investments Platinum Plus Visa 40K ~ First Hawaiian Bank Gold Visa 10K
Moderator Emeritus
fused
Posts: 16,336
Registered: ‎03-12-2007
0

Re: Judgement not on credit report .. why?

Stupid me, mortgage lenders look at all three reports... it's probably not reporting on any of them.
Credit Profile -
FICO 08 Scores (08-22-2014): EQ 820, EX 817, TU 815
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)

Credit Cards -
Amex BCP 25K ~ Amex Clear 25K ~ Amex Platinum NPSL ~ Chase Freedom Visa 19.3K ~ CITI Dividend World Mastercard 20.3K ~ FIA Fidelity Investments Platinum Plus Visa 40K ~ First Hawaiian Bank Gold Visa 10K
Member
mic71
Posts: 21
Registered: ‎01-29-2008
0

Re: Judgement not on credit report .. why?

Okay, but I do see where they have done an inquiry on my credit report, so I know they are looking at my report still? If I get a mortgage couldn't they come back and put a lien on my house?
Valued Contributor
Lady_Scarlet
Posts: 2,385
Registered: ‎09-10-2007
0

Re: Judgement not on credit report .. why?

When did they get the judgment, how long is it good for and can it be re-newed and when and for how long?
Now a member of the UNOFFICIAL 700 Club - Plus scores of 734-734-747
Member
mic71
Posts: 21
Registered: ‎01-29-2008
0

Re: Judgement not on credit report .. why?

The judgement was in 2003. I am clueless on how long it is for, I thought once you have a judgement that it would never come off.
Established Contributor
Anderson
Posts: 716
Registered: ‎06-03-2007
0

Re: Judgement not on credit report .. why?

IIRC if you know there is a judgement against you it must be disclosed to the lender during the mtg process. If not disclosed = fraud, and the lender will not be happy to find a lien against the property.

gdtobefree wrote:
Who pulled your credit?
The person you have been talking to?
If so and the judgement was not there BITE YOUR TONGUE and don't say a word, don't look for it, don't ask about it IT IS GONE shhhhhhhhhhhhh



Member
mic71
Posts: 21
Registered: ‎01-29-2008
0

Re: Judgement not on credit report .. why?

I did, he said lets hope it doesn't come up... I'm so confused... anybody. what's the right thing to do? I don't want this to bite me in the butt, yet not really wanting to rock the boat either.........ahhhh.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+