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Debtconsolidationcare.com - the USA consumer forum

debt settlement / credit score

Date: Sat, 01/10/2009 - 16:12

Submitted by anonymous
on Sat, 01/10/2009 - 16:12

Posts: 202330 Credits: [Donate]

Total Replies: 2


if i settle my first, second, and third mortage, who low will this drop my credit score? I have no late payments prior to settlement.


im not sure how it works with the morgage, but with the credit card issue that i encountered when i wasnt able to make my payments my score went way down. I got into a great settlement company and my score was still very bad until i was out of the program. about a year after i was out of the program my score was higher than ever even with the "settled" on my report. i had less creditors (i was no longer extended) and my home equity was being paid and on time and a few other secured loans all on time. So in my situation my score went up after settling my accounts.


lrhall41

Submitted by love_my_things on Fri, 01/16/2009 - 11:04

( Posts: 1434 | Credits: )