How Foreclosure, Short Sales and Bankruptcy Affect Credit Scores

Want to know what is hurting your scores the most??? There's a scoring system that each repository uses, so TransUnion calculates scores a little differently than Equifax and Experian. FAIR ISAAC Damage Points - per FICO.com: "Maxxed out credit card" - 10 to 30 points 30 day late payment will cost you 60 points Bankruptcy hits your scores for … [Read more...]

Using USDA To Purchase A Home After Foreclosure

If you are one of the millions of families that lost their home in the last couple of years to Foreclosure… you might think… Been There – Done That You might not want to own a home again! But if you’re one of those folks who truly does want to purchase again, here’s some potentially good news. USDA says that they will allow you to purchase a … [Read more...]