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HOW TO RAISE YOUR CREDIT SCORE

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Icon Mini Profile banker0679

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Joined: 15 Nov 2007

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Location: Charlotte, North Carolina
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Post Posted: Wed Jul 16, 2008 6:56 am    Post subject:
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Actually, BK isn't the single worst thing that can happen. I have seen borrowers who obtained a 720 within two years of filing for BK. The single worst thing is a 'foreclosure'. BK covers all the negative items on your credit report, and it shows up as 'unrated' for the creedit score. Foreclosure doesn't have this option....and the guidelines for obtaining a mortgage is worse for a FC than a BK.
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