CREDIT SCORES: DeMystified!
Everyone knows that there are a number of factors that cause your credit score to drop. But which ones & how much?
Here’s a specific list of derogatory items & what they cost you in points:
Late Payment : 20-80 Point Drop
Late MORTGAGE Payment : 20-100 Point Drop
UnPaid & Paid Collections : 30-80 Point Drop
Bankruptcy : 30-60 Point Drop
Foreclosure : 60-100 Point Drop
UnPaid & Paid Charge-Offs : 50-80 Point Drop
And the bad news is : AGE Affects All Score Drops