fico: FICO Impact and Recovery
- 05/25/11 04:30 PM
The question is asked frequently regarding how much impact will a short sale, foreclosure, deed in lieu or bankruptcy have on my FICO score?
I checked out the FICO Banking Analytics Blog and found some very interesting information. FICO conducted a study of delinquencies regarding mortgages. In their study they looked at three different consumer profiles. All three profiles consisted of consumers who were paying as agreed on their mortgages.
Consumers with a 680 score . Consumers with a 720 score. Consumers with a 780 score.
The study then showed the impact on the credit … (22 comments)
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