Quit Claim Deed

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Icon Mini Profile hanth23

Joined: 22 Jul 2007

Posts: 23

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Post Posted: Sun Jul 22, 2007 6:37 am    Post subject: Quit Claim Deed

Will a quit claim deed affect the credit score
Icon Mini Profile adonis

Joined: 22 Oct 2005

Posts: 12179
Location: ALASKA
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Post Posted: Sun Jul 22, 2007 11:38 pm    Post subject:

Welcome hanth,

A quitclaim deed does not affect your credit score. It's a deed that will help you to convey your interest in property to someone else or add someone else to the title. But in no way it can affect your score. Moreover, your score gets affected when you don't pay off a loan at regular intervals and either make late payments or miss them when you're actually supposed to pay them.

Procrastination is the enemy of your financial success
Icon Mini Profile miller_st

Joined: 17 Jan 2007

Posts: 917

168.73 Dollars($)
Post Posted: Mon Jul 23, 2007 1:35 pm    Post subject:

Will a quit claim deed affect the credit score

Quit claim deeds and credit scores are not inter-related. One is related to property ownership and the other with your debts and on time payments on them.
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