Hi,
Is a lien on my property going to effect my credit score?
Thanks!:(
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Hi,
Is a lien on my property going to effect my credit score?
Thanks!:(
What kind of lien? Mechanics lien? Lien due to Judgment?
Judgements, of course, are reported and I have also seen Mechanics liens - if there is a dispute involved - also reported.
Generally a lien is imposed because of a debt. If the lien is being taken as security for a loan then then it depends on the status of the loan. If its taken because you defaulted on a debt, then it may affect your credit rating if the creditor reports it. Some credit bureaus will pick up the dispute because of the legal filing.
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