Need Advice PLEASE.

iVillage Member
Registered: 04-25-2003
Need Advice PLEASE.
1
Mon, 01-31-2005 - 2:36pm

Hi, this is my first time posting on this board. Well a little background about me: Married for a year, DH and I have been renting our place (small 1 br 1 bath) for 3 years. Well for the last 8 months we have DESPERTLY been trying to buy a house (or maybe even a large mobile home w/land) but due to ONE thing on DH's credit we arent able to get approved.

DH is 30 years old and when he was 20 he had a car repo'd and they put a "Judgement" on his credit. I spoke with the attorneys office now handling the loan (which is approx. $3,000) they informed me that with attorneys fees and other fees we have to pay over $5000 to have the judgement removed from his credit. I offered to pay them about $50 per month but they said they wouldnt take a payment under $200 per month.

We are starting to feel discouraged but we DONT want to rent a day longer. We are ready to OWN our on place. Does anyone know of a consolidation place or some type of loan co. willing to deal with this attorneys office and get that debt paid off so that Judgment can be removed???? EVERY thing else on his credit is good, but this one thing is preventing us from getting approved! And we have come across some great deals that we are missing out on (brand new 3 br 2 bath brick home on 1 1/2 acres for $118,000)!

ANY advice will help us out. thanks in advance!

yShannon

Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Mon, 01-31-2005 - 2:45pm

Hmm - a judgment should come off the credit report after 10 years.

All my best,
Danni