Yes.
A lien is a matter of public record and the credit bureaus will pick it up and add it to your record.
Yes, they will report to the credit bureau, but as the link I included below states, the Credit Bureaus know most Gym contracts are shady and will not post them to your report. http://getoutofdebt.org/16883/how-do-i-get-golds-gym-off-my-credit-report-david Gyms get around this by having a 3rd party company do their billing, along the lines of the Golds Gym/Paramount Acceptance angle in the link above. Paramount Acceptance isn't a Gym so the Credit Bureau posts it without thought. Or the Gym can sell the remaining debt amount to a Collection Agency (my personal experience was with a "David Taylor and Assoc.") who then puts it on your report. If you dispute this with Experian or any of the other Credit Bureaus, state specifically it is a Gym membership and it should come off your report within a couple weeks. As always check your credit report, and not with freecreditreport or one of those, use http://www.annualcreditreport.com which is a once a year free credit check through the reporting Bureaus themselves.
There are several abbreviations for the word association. Some of the most common are assn, assoc, ACA, ASA, and assocn.
No. Not unless joining any future HOA was made a condition in your deed.
1) Chief Justice Morrison Waite 2) Assoc. Justice Samuel Miller 3) Assoc. Justice Stephen Field 4) Assoc. Justice Joseph Bradley 5) Assoc. Justice John Harlan 6) Assoc. Justice William Woods 7) Assoc. Justice Stanley Matthews 8) Assoc. Justice Horace Gray 9) Assoc. Justice Samuel Blatchford
Your assessments cover your share of the expenses that the association pays to operate and preserve the property that you own. If you enjoy the amenities without paying for them, essentially you're asking your neighbors to pay your bills. If you don't pay your assessments, you have an unpaid debt. Unpaid debts show up on credit reports. Read your governing documents to determine the board's responsibility to collect this debt. Usually, the board can file a lien on your title, and may even be able to sell your unit in order to satisfy the debt that you owe.
If you owe assessments that are unpaid, you are in violation of the financial agreement you made with the association. The association is required to pursue you to collect this debt. You can read your governing documents to remember your obligation to pay assessments, and understand the steps that your association will take to collect your debt. Your board can tell you whether or not this honest debt has been reported to a credit agency.
ASSOC - AssociationASSOC - AssociationASSOC - AssociationASSOC - AssociationASSOC - AssociationASSOC - Association
OF Course, Just contact a local personal linesproperty and casualty insurance agent.
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