How Negative Items Affect your Credit Score

There was a great article on www.msn.com today regarding how items affect one's credit score. With the large number of short sales and foreclosures we are seeing and will continue to see, it is important people reliaze the impact on their credit score.


Here is the link to the article: MSN CREDIT SCORE ARTICLE






Effect on a 680 score 780 score




























Maxed-out card



-10 to -30



-25 to -45



30-day late payment



-60 to -80



-90 to -110



Debt settlement



-45 to -65



-105 to -125



Foreclosure



-85 to -105



-140 to -160



Bankruptcy



-130 to -150



-220 to -240



For info on Charleston SC real estate, please call Randall Sandin at 843-209-9667 or email at rsandin@carolinaone.com. Search for Charleston homes at CHARLESTON HOME SEARCH



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