---

Will loan modification affect future credit?

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
gschattl Joined: 30 Nov 2008 Posts: 3 1.44 Dollars($)	Posted: Sun Nov 30, 2008 2:48 pm    Post subject: Will loan modification affect future credit? Like 0 Dislike 0 will having done a loan mod effect future credit?
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Sun Nov 30, 2008 7:32 pm    Post subject: Like 0 Dislike 0 Hi gschattl! Welcome to forums! As far as I know, a loan modification will not hurt your credit. The loan modification process is usually just a different payment option that the lender gives you for paying the loan dues. Feel free to ask if you have further queries. Sussane
Nik Guest	Posted: Mon Sep 28, 2009 6:52 pm    Post subject: Loan Modification Like 0 Dislike 0 If I apply for a loan Mod and miss a payment before the modification is started will that effect my credit
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Mon Sep 28, 2009 9:19 pm    Post subject: Like 0 Dislike 0 Hi Nik! Welcome to forums! If the lender reports the late payments to the credit bureau, then it will definitely effect your credit score and lower it by few points. Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0