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Will a Mechanics Lien affect my credit report ?

Hi Credit Guru,

Q:

My question is: My General Contractor did not pay sub-contractors who worked on my new house. Consequently, one of them is placing a lien on my house. Will the lien on my house affect my credit?

A:
This is a good question. No a lien against your house will not affect your credit report and credit scores. This mechanics lien that is being put against your house will affect your ability to sell or refinance though. In otherwords it will affect the title of your home.

Here is a list of what will affect your credit report.

  • Late payments to creditors
  • Public Records, like judgements, bankruptcies, tax liens, etc…..
  • Over charging on your credit cards
  • Collections
  • Too many inquiries on your credit report
  • Identity Theft

CreditScoreQuick.com

This entry was posted on Wednesday, December 10th, 2008 at 8:57 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.



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Disclaimer: This information has been compiled and provided by CreditScoreQuick.com as an informational service to the public. While our goal is to provide information that will help consumers to manage their credit and debt, this information should not be considered legal advice. Such advice must be specific to the various circumstances of each person's situation, and the general information provided on these pages should not be used as a substitute for the advice of competent legal counsel.