Posted on: 28th Mar, 2011 06:11 am
how much more of a hit will I take on my credit score with a DIL when my mortgage company has reported deliquent for three years?
Hi Guest,
Welcome to Mortgage fit,
DIL will affect your credit with 250 base points...
Feel free to ask any further query if you have.....
DIPA
Welcome to Mortgage fit,
DIL will affect your credit with 250 base points...
Feel free to ask any further query if you have.....
DIPA
If it's been listed as greater than 120 past due for three years, how can it be worse
Also, what would be the affect of foreclosure and or BK?
hi to!
welcome to forums!
a normal foreclosure and a deed in lieu of foreclosure will lower your credit scores by 250 points. however, in case of a foreclosure, you'll be liable for paying off the deficient balance whereas in case of a deed in lieu of foreclosure, you won't be liable for paying off the deficient balance. a bankruptcy filing will lower your scores by around 200 points and you will be able to get a discharge from your debts.
feel free to ask if you've further queries.
sussane
welcome to forums!
a normal foreclosure and a deed in lieu of foreclosure will lower your credit scores by 250 points. however, in case of a foreclosure, you'll be liable for paying off the deficient balance whereas in case of a deed in lieu of foreclosure, you won't be liable for paying off the deficient balance. a bankruptcy filing will lower your scores by around 200 points and you will be able to get a discharge from your debts.
feel free to ask if you've further queries.
sussane