Keep in mind, everyone’s credit report is unique to each individual. Some have excellent credit and others have very poor credit and everything in between. The situations below will lower your credit score in a range of points as shown next to each item, based on your credit situation.
Bankruptcy – 120 to 220 points reduction
Foreclosure – 150 to 160 point reduction
Short Sale – 105 to 160 point reduction
Settle Credit Card Debt For Less Than Balance – 65 to 125 point reduction
One 30 Day Late Payment – 60 to 110 point reduction
Maxed Out Credit Card – 10 to 45 point reduction
Do You Have Questions About Credit / Credit Issues? Call Us!
Bill Spragg at 281 804 3333, BSpragg@LcaNow.com or
Harry Bradley at 713 419 7151, HBradley@LcaNow.com