Tuesday, March 23, 2010

Doing a short sale and your FICO credit score

According to Rex Johnson, founder of credit union consulting firm Lending Solutions Consulting, a home foreclosure, for example, might dock about 200 points off your score and a short sale could cost you around 80 to 90 points, said Johnson. Declaring bankruptcy could lower a good score of 750 by up to about 250 points. You can find entire article here.

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