Established Contributor
bettercreditguy1
Posts: 759
Registered: ‎02-11-2012
Re: I have a judgment that shows on nothing but...

Yes, it called the lending game. And if I am going to lend you money, then I want to be first in line to collect what is owed to me. I had the same problem a few years back when I was paying Child Support. Most lenders would not touch me Because if I ever got behind on Child Support, the Government Agency Lien would supercede the financial  institution lien. As you can see, this would put the financial istitution at great risk should you default on your Child Support. Consequently, my financial istitution charged me a higher interest rate for my mortage because of the greater risk.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience