Q: I have had a judgment of $8,600 on my credit report for the past six years. Although the judge ruled in favor of the plaintiff, I never owed that money and I believe I lost only because I didn’t have an attorney. Now, I wish to become a first-time homebuyer.

My credit union tells me I could qualify based on my credit score and income, but I would have to pay off the judgment or arrange to make payments with the creditor before the credit union would preapprove me for a loan. I contacted the creditor’s attorney, who was sarcastic and said he couldn’t force his client to respond to my payment proposal. I asked him to counteroffer if necessary, but I haven’t heard from them in two weeks. I really want to buy a home but this presents an obstacle. What should I do now?

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top