top of page

Five ways foreclosure can have a significant negative impact on your credit score

1. Missed Payments: Payment history is a crucial factor in determining your credit score, accounting for about 35% of the total score. Missed payments can stay on your credit report for up to seven years, damaging your credit score.


2. Significant Drop in Credit Score: Foreclosure can lead to a substantial drop in your credit score-and can lower your credit score by 100 points or more.


3. Lengthy Negative Reporting, making it harder to obtain new credit or favorable loan terms in the future.


4. Difficulty Obtaining New Loans: Following a foreclosure, lenders will perceive you as a higher credit risk. If you do get approved, you may face higher interest rates and less favorable terms.


5. Negative Impact on Future Housing: A foreclosure on your credit report can raise concerns and make it harder to rent a home or apartment.



🏡🏡Ask about Our CREATIVE REAL ESTATE SOLUTIONS and FULL PRICE OFFERS that can Save Your Credit from missed payments, a short sale or foreclosure.


📞📞WE HELP SELLERS FACED WITH:


✅Homes needing repairs...

✅Homes just not Selling... Slow Market

✅Low or No Equity scenarios

✅Behind on payments

✅Pre-Short Sale

✅Pre-Foreclosure

✅Inherited Homes

✅Unhappy Landlords

✅Job Loss

✅Relocation

✅Divorce


☎️☎️Contact us now;

757-404-2933



0 views0 comments
bottom of page