Review the reporting requirement with your reverse underwriters and review conditions and declines on old files to ensure you understand your institutions practices in
regards to credits scores on reverse loans to ensure you are meeting the HMDA expectation.
After you, the borrower, have taken the actions suggested
in regards to your credit score, your corrected or updated information is verified by your mortgage lender's credit reporting entity and then submitted to the credit bureaus.
Paying the debts in full is one option but settling those accounts is going to yield the same result
with regard to your credit score and potentially save you a ton of money in the process.
With
regards to credit score and report tracking, I think it depends on what you are looking for: do you only want to see your credit report or do you care about seeing your credit score as well?
With
regard to your credit score, credit counseling will leave it in better condition.
These loans are given without
any regard to the credit score.
We offer a 90 - Day Money Back Guarantee on our credit repair service, even with this we do not make any promises or assumptions as to the results of our credit repair work or in
regards to your credit score and / or how it may be affected.
In
regards to your credit score, when you apply for a new card you take a credit hit of about 10 points, but that goes back up after a few months (assuming you've made your payments on time).
In
regards to your credit score, when you apply for a new card you take a credit hit of about 10 points, but that goes back up after a few months (assuming you've made your payments on time).