Wednesday, March 31, 2010

Article on the Credit Score Impact of Mortgage Modification

http://money.cnn.com/2009/12/28/news/economy/loan_modifications_credit_history/index.htm

4 comments:

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Credit Repair said...

great post, it really helped me alot…gives me alot of information… thanks…. nice job…
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Self Credit Repair | Bad Credit Repair Report

richard said...

According to Yahoo News Mon Jul 12, 2010:

The credit scores of millions more Americans are sinking to new lows.

Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below, marking them as poor risks for lenders. It's unlikely they will be able to get credit cards, auto loans or mortgages under the tighter lending standards banks now use.

Because consumers relied so heavily on debt to fuel their spending in recent years, their restricted access to credit is one reason for the slow economic recovery.

Contact for Credit Repair Services

Calvin Brock said...

A credit score takes into consideration: payment history, current earnings, current debt, length of credit history, types of credit utilized, and your new credit. If two or more members of your family are earning then apply for a loan jointly. free credit score