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Loan Modification

: Loan Modification & Home Loan News

How will a foreclosure affect my credit score?

By Moe Bedard

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Recently, Fair Isaac, which developed FICO scores, pulled back the curtain a bit, revealing some estimates of point-score declines following mortgage delinquency problems. Here are the average hit your credit will take: 30 days late: 40 – 110 points 90 days late: 70 – 135 points Foreclosure, short sale or deed-in-lieu: 85 – 160 Bankruptcy: 130 – 240 To come to [...]

Full post as published by Loan Modification & Home Loan News on April 22, 2010 (boomark / email).

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