Remember those sayings when you were a kid "...Don't step on a crack, it will break your mothers back" or the one about " ...7 years bad luck if you break a mirror", Well, when it comes to your credit and how long things hang around "7" seems to be the magic number.
Applying for Credit, Late Pays on Credit Cards or Loans, Bankruptcy, Foreclosure... they all stick around (on your credit) for quite some time. And ususally people don't pay much attention to this until they are ready to make some big investment - So, Jump over the Crack and Put the mirror back on the shelf and learn how how your FICO Scores work. And don't make the mistake of waiting until you are ready for a big purchase. Find out more by reading the full story below.
Applying for Credit, Late Pays on Credit Cards or Loans, Bankruptcy, Foreclosure... they all stick around (on your credit) for quite some time. And ususally people don't pay much attention to this until they are ready to make some big investment - So, Jump over the Crack and Put the mirror back on the shelf and learn how how your FICO Scores work. And don't make the mistake of waiting until you are ready for a big purchase. Find out more by reading the full story below.
How FICO Credit Scores Work
Buying a house, refinancing it, getting a loan, getting a job—they’re all dependent on your FICO credit score. It pays to learn how it’s calculated. Read
Visit houselogic.com for more articles like this.
Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®
No comments:
Post a Comment