On average how much does a new foreclosure lower a person’s credit score?
Jul 24, 2009 in
Credit
don l
I’m trying to get an average amount a credit score of about 720 would be lowered if a person ends up with a foreclosure.
I’m trying to get an average amount a credit score of about 720 would be lowered if a person ends up with a foreclosure.
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2 comments
roger v on July 26, 2009 at 12:43 am
You would be possibly as low as the 500′s but for sure low 600′s. It will totally destroy you, do not let it happen
spifiman1 on July 28, 2009 at 8:51 pm
This is one of the worst things that can show up on your credit. If it’s not tied to a bankruptcy it’s even worse.
You can expect your score to drop at least 100-points and possibly more.