USDA , Fannie Mae Home Loans
In “Credit Scores and Credit Report”
What Credit Score do You Need to qualify for a FHA VA KHC USDA Kentucky Mortgage
via FICO score dropped from 800 to 580 overnight, here’s how it happened..
FICO score dropped from 800 to 580 overnight, here’s how it happened..
I talk to a lot of people every week about their credit scores. I spoke with a gentleman yesterday that was telling me about his credit score issue.
He was recently out of the country for a couple months and one of his accounts’ auto pay amount changed which only covered part of his monthly payment. The bank noted this on the account and reported him late 30 days because the full payment amount wasn’t received.
Prior to this event his credit scores were in the 800’s, now they are in the high 500’s. It had taken him years to achieve such a high credit score, and only days to lose that score.
Payment history is the biggest factor in your FICO score. It amounts to…
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