short sale (SS) are a subject of much confusion when it comes to how they will affect the ratings, it is no different. I wrote a few articles on the subject in the past, but there have been many rumors lately seemed a good time to bring him back. The rumors I heard are “short sales do not affect your credit card” and “short sales now drop your score by 200 points.” The truth is that they do affect your credit card, because as “institutions.” After taking short sales of an agreement between the lender and the consumer at a lower level of debt, usually an immediate, full payment of the agreed amount is. It may be exceptions to this rule in exceptional cases in which the bank undertakes to update the credit report as a negative report.
The other rumor drop the score of the SS 200 points may, in relation to the results we discuss true. For this article we turn to the FICO score, because it is used by banks to approve a mortgage. What we know, the higher your credit score falls below that each crime. As with SS, if it cannot be reduced delays in payments before the reference to about 110 points.
