Sentences with phrase «scores after a foreclosure»

Here are several strategies to help you boost your credit score after a foreclosure, and quickly get back in the good graces of mortgage lenders too.

They must make big strides in boosting their credit scores after a foreclosure, short sale, or bankruptcy.

Not exact matches

The minimum credit score that is acceptable on a home loan after foreclosure is the same as any other borrower.

So while a foreclosure can stay on your report for up to seven years, it's still possible to improve your score during that time (after the initial damage).

A person with excellent credit (780 score) would likely have a credit score in the 620 to 640 - point range after a foreclosure.

I bet a lot of folks take advantage of naive landlords to score a place to live after foreclosure.

Typically, your credit score will drop by 75 to 200 points after selling your property in a short sale, which is less severe than a foreclosure.

Your credit score will gradually improve after a bankruptcy or foreclosure, provided that you employ good habits.

When you're trying to establish credit for the first time or rebuild your score after a bankruptcy, foreclosure, or other rough financial spot, a secured credit card, when used responsibly by you can be a lifesaver.

If you have other negative entries on your reports, your FICO score could drop more than 250 points after the foreclosure process.

Even after five years, borrowers with foreclosures in their files will be required to make at least a 10 percent down payment, and will need minimum FICO credit scores of 680.

'' [After bankruptcy], foreclosure is one of the things that hits your credit score the hardest,» says Anthony Sprauve, a spokesman for FICO.