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    tdove1207's Avatar
    tdove1207 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    May 9, 2011, 01:25 PM
    Judgement and buying a house
    I am trying to buy a house and have been paying my credit cards down, only have a 130.00 left to pay on a credit card, now I received a letter that a lawsuit has been filed for a medical bill that I did not pay, does anyone know how this will effect me in my house buying, I want to try to ask the creditor if I can make monthly payment in exchange for dismissal. I have not been served yet but a card has been left on my door,, help
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    May 9, 2011, 03:23 PM

    A judgment will have an affect on your credit rating. So it would behoove you to negotiate a settlement with the creditor.
    tdove1207's Avatar
    tdove1207 Posts: 2, Reputation: 1
    New Member
    		  
    #3

    May 9, 2011, 06:10 PM
    If I negotiate a payment plan, will it still go on my credit report, could I also negotiate with the creditor to dimiss the lawsuit in exchange for payment, I am trying to buy the house within 2 months
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    May 9, 2011, 06:31 PM

    I would assume that a non paid, late pay doctor bill is already on your report and it has a negative effect. A judgement will do a lot of additional damage already.

    Next not to sound mean, but you have just paid off a credit card, and need to pay off a medical bill, where is all the money you will need for a down payment, In today's market you will need at least 10 percent and most likely 20 percent of the purchase price.
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