Jonbo298
join:2004-01-12
Council Bluffs, IA
| reply to inGearX
Re: If doing a mortgagee modification is credit score impacted?
I work in the Home Mortgage CS side of things (not for Chase) but from what I've heard from Collections/whatever name the company uses that does Loan Mod's, it does impact your credit score to an extent because it will reflect you being on a loan mod or repayment plan, etc...
Now, down the line it may look negative but as long as you aren't doing it constantly (ie: reapplying every time it comes to expire), it will look better then just going through 3-6 months of not paying at all. |
