Here is his e-mail.
“Hi, I hope all is well. I am getting back to you on my credit scores. My score went from 663 in Feb. to 770 in June.
I know this is counter intuitive but must be because my outstanding debts were reduced. I am happy with this. Julio. “
I agree with him. I think the reduction in debt actually helped his credit score. We see so many people that are leveraged over their head. They keep paying everything on time because they don’t want back credit.
But, they can’t get a loan because they owe too much money. So even thought their credit is good, they still can’t get a loan. That’s crazy! Don’t you agree?
Our theory is that this guy falls into that category. When he short sold his house, it actually helped out his credit rating because it erased so much debt.
Yes, how much debt you have does make up part of your credit rating. The credit bureaus won’t tell exactly how much it affects your score. But, it does affect it.
So, a short sale might actually help your credit score. E-mail us if you know of any other stories like this. Thinking about a short sale?
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at email@example.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me Rick Giese at Toll Free 1-800-274-5656
Visit My Short Sale Website http://www.miforeclosurehelp.com/
Visit My CMA website for a FREE online appraisal of your property: www.mymihomevalue.com
Thanks for reading this, Rick Giese.
Rick is a Real Estate Associate Broker at RE/MAX Advisors. Macomb, Oakland, and Southern St Clair Counties Short Sales Realtor:
Phone: 1-800-274-5656. firstname.lastname@example.org.
Rick Giese specializes in loan modification assistance and short sales in the Macomb, Oakland and southern St Clair County Areas of . Loan Modification Help, Short Sale Help. Oakland Short Sale Help Macomb and our services are offering sellers another option besides pre-foreclosure foreclosure or bankruptcy that can affect their credit for years. We are currently offering our services in the Richmond, Shelby Township, Macomb Township, Chesterfield Township, New Baltimore, Clinton Township, Sterling Heights, Mount Clemens (Mt Clemens) Fraser, Harrison Township, Warren, Roseville, St Clair Shores areas of Macomb County Michigan Madison Heights, Troy, Clawson, Royal Oak, Rochester, Rochester Hills, Berkley, Birmingham areas of Oakland County