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VA_Will this affect my mortgage scores_Not FICO 8

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Established Contributor

VA_Will this affect my mortgage scores_Not FICO 8

I was awarded judgment of $562 through the courts of suing my ex landlord and on counter claim the judge awarded same amount to him and we both signed a satisfaction of judgment, when the judgments are entered will this affect my mortgage score not my FICO 8? This was small claims court in AZ and I don't think I can get this vacated because no appeals in SC court. I'm going for a mortgage in Dec and want no hiccups_this was just yesterday! I responded to a post yesterday with this and haven't received any responses just yet.

I plan on going VA and dropping down our deposit on a new build tomorrow and completion expected in December, I understand that I can show the lender the letter of satisfied judgment and explanation (lenders care about items that show unpaid or unwilligness to satisfy) and that should suffice but I worry about a fresh judgment affecting mortgage scores.  Admin, please move if this is the wrong forum (but does pertain to mortgages).  I know this will impact my FICO 8 !!

" EX 683 EQ 691 TU 671 MMS 689"
Message 1 of 5
4 REPLIES
Established Contributor

Re: VA_Will this affect my mortgage scores_Not FICO 8

Anyone?

" EX 683 EQ 691 TU 671 MMS 689"
Message 2 of 5
Moderator

Re: VA_Will this affect my mortgage scores_Not FICO 8

If the judgement is on there at all it will affect all flavors of FICO.

 

You want it gone completely, I'll request this thread get moved to the Rebuilding forum where it's better addressed in terms of actually getting that accomplished.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Message 3 of 5
Valued Contributor

Re: VA_Will this affect my mortgage scores_Not FICO 8

Agree. I think will effect any of the scores. There could be options on how to move forward, depending on what you want accomplished.
EX 08 Fico: 729 TU 08 Fico: 735EQ 08 Fico: 740Total Credit Line: $128,600Utilization: 6%Inquiries:EX-6TU-7EQ-5


Message 4 of 5
Established Contributor

Re: VA_Will this affect my mortgage scores_Not FICO 8

By reading these forums I was able to get some great information on how to go about vacating a judgment and.......................SUCCESS!  Thank You

No more worries about my VA Loan being impactedCourt.jpg

" EX 683 EQ 691 TU 671 MMS 689"
Message 5 of 5