Posted on: 05th Aug, 2012 11:05 am
how long will my short sale take effort on my credit ratings; days, weeks, months?
Hello coolcakes,
Whether or not it's necessarily fair, it's a fact of life that this is how it works, so it is in the best interest of people to monitor their credit.
:idea:
Whether or not it's necessarily fair, it's a fact of life that this is how it works, so it is in the best interest of people to monitor their credit.
:idea:
A short sale will remain in your credit report for 7 years. It will lower your scores by 80-100 points.
Short sale also appears on your credit report so you must be careful before each financial step. It also can be the cause of decrease in credit score. Generally it remains in your credit for around 7 years.