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by stell2580
Tue Apr 13, 2010 9:55 pm
Forum: Home Loan Forum
Topic: Can i get a loan with a judgment and a default?
Replies: 1
Views: 6934

Can i get a loan with a judgment and a default?

Im 27 years old work full time I really would love to own my own home but finding it impossible i cant even get approved for a phone contract when i was 19 i had a credit card for $5000 i did not touch it at all but i found out a year later that it was maxed. A friend that i was living with had a gambleing problem and spent the whole lot and changed address on the account so i never recieved the bill, Anways i refused to pay as that was fraud and the bank should of done some thing about it but they did not i also found out she was using my name to get phone contracts and selling the phone the worst thing is she past away. So pretty much i now find out after 6 years that i have a judgment and 2 defaults against my name i have to deal with that but i really want my own home i pay $260 per week in rent and i earn $51000 a year and i have saved $26000 all i want to borrow is $110000 repayments will be cheaper than rent..... is this possible?? or should i just stop trying and if it is possible do i get a higher interest rate because of my credit history