Saturday, May 1, 2010

A few little tidbits I read today


…Ugly little secret: Even APPLYING for a loan modification can whack your credit. A lender tells me getting a loan mod devastated one client's FICO scores by 130 points
FICO scores are a complicated puzzle. No matter where I turn I get a huge variety of answers regarding how much your credit score will take a hit if you miss several payments on a credit card versus declaring bankruptcy.

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