What is a good credit score to modify a loan?

Hello Emma,

To qualify for an authentic loan modification program (except HAMP) you must be delinquent on your monthly payments. For that reason, even one single missed payment may lower your credit score. So, it doesn't really necessary to have a good credit to qualify a loan modification program. Your credit may be already in a bad shape when you opt for a loan modification program.

The lender will definitely check your credit report as soon as you send your loan modification application along with your other financial details. So, make sure all of your financial documents must be genuine.

tiarajoseph11, your reply isn't what the post asks.

Different credit bureaus have different credit score scales. So, good credit score range can vary.
For FICO, its 700 or above
Experian, its 740 or more
TransUnion, its 650 or more, &
Equifax, its 650 or higher.

Yes, lenders will check your credit score before modifying your loan.

Emma knows the importance of a good credit score for opting a loan, and she only asked if it is also needed to get a loan modification or not.
But, I am afraid - she didn't ask for a clarification "what is considered a good credit score by the credit bureaus?"
There is a great chance where a consumer's credit score gets a blow before he/or she can go for loan-modification program. So, clearly...good credit score isn't mandatory for a loan-mod program.

I think you got it wrong, dude!!

A lender will check your credit score for a loan modification. So, if your credit score is not up to the mark, then you should start taking steps to build a good credit score first.