My jurisdiction is: Wisconsin
My credit rating is badly hurt by a past legal ruling against my wife and I. As plaintiffs, we as buyers tried to enforce a contract on sellers, to sell us their house.The judge ruled that the sellers were within their rights to pull out of the contract before the sale closed, and made us pay their court fees.
I do not understand how such a legal ruling makes us a worse credit risk. Does the law on credit reports require that adverse legal rulings have some relevance to credit worthiness?
Thanks for your help.
My credit rating is badly hurt by a past legal ruling against my wife and I. As plaintiffs, we as buyers tried to enforce a contract on sellers, to sell us their house.The judge ruled that the sellers were within their rights to pull out of the contract before the sale closed, and made us pay their court fees.
I do not understand how such a legal ruling makes us a worse credit risk. Does the law on credit reports require that adverse legal rulings have some relevance to credit worthiness?
Thanks for your help.