Profile picture for user6058032

I bought a timeshare in 2002 & its reported negatively on my credit. Can I get a home loan?

  • August 14 2013 - Cape Coral
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Answers (7)

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  • June 14
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Profile picture for Jason Rios
Unfortunately, it doesn't matter how it reports on your credit. As soon as a lender catches wind of the account, they will request a verification and payment history. When they find out you haven't paid it in years, you will be declined. These accounts are pretty much considered a mortgage and a mortgage default is no bueno! Reach out if you want to know how to clear it up and move forward!
 
  • June 13
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Hey user6058032,

The question is not "if" it reports negatively, but "how badly" did it report. My guess is that it wont hurt your score so badly that you won't qualify for a loan, but your best bet is to check with a mortgage lender who can guide you as to where you're at and how to get where you want to be. Good luck.
  • December 06 2013
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Call Brian White, he can help with the time share thing, msg me for his #. He works magic on medical collections too!
  • August 14 2013
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Profile picture for user6058032
I haven't made a payment in about 8 years. And I am not sure what my credit score its about 675.
  • August 14 2013
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Profile picture for GMerino
How is it reported on the credit report?  are you on time now?
  • August 14 2013
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Profile picture for daveskow
what are your scores

what do you mean by "its reported negatively"?
  • August 14 2013
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