Bountiful UTAH – One of the common reasons that people are concerned about a foreclosure or short sale in their history is because they are concerned about their credit score.
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While it’s true that your credit score will be adversely affected by these items, it is also true that you can move past blemishes on a credit report.
You may want to consider doing some credit repair or credit restoration. It isn’t hard to do, and when taken step by step, it can be handled in an organized, manageable way. The first step that you need to do is to get and review your credit report.
I’m always amazed by the psychology of just this step. Most people don’t want to pull their credit report because they “just feel” like it will be bad, and they don’t want to see it. However, you won’t know where you are at or how to get onto the next phase of recovery until you figure out where you are at.
You have seen all the commercials, and can sing the jingles, for some of the places to get your credit report. There are pros and cons for any of the places you can get your credit report.
The two words of caution I offer here are: 1. You can get an annual free credit report (the one that the government requires the 3 credit reporting bureaus to provide) from annualcreditreport dot com. However – if you choose this route – it is free, but it then bumps up the time that a creditor has to investigate any of your disputes from 30 to 45 days. This isn’t a great option, in my opinion. You’ll understand why after you learn about the dispute process. Also, be aware that this service doesn’t have to give you your 3 digit credit score – which you might want to know.
2. Most of the other services offer you a free 30 day trial period, and then you get “enrolled” in their credit monitoring program. If you aren’t one to keep track of the 30 day trial timeframe, you could end up sucked into paying for something that you wouldn’t normally want to spend monthly money on. In the next article about your credit report restoration, I’ll talk about how to review your report, what to look for, and how to analyze it.
Thinking about a loan modification?
Our Utah loan modification guide will show you how to reduce your mortgage payment, keep your home, and get back on your feet.
Send me an e-mail at utahhomesaver@gmail.com to request a Free Copy. Or, click here to request a copy.
Thinking about a short sale?
I can help you short sale your property so you can move on with your life. Send me an e-mail at utahhomesaver@gmail.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 at (801) 651-0707
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thanks for reading this,
Dave Forsberg.
Dave is a Real Estate Agent at Prudential Utah Real Estate - Bountiful. Utah Short Sales Realtor:
Phone: (801) 651-0707.
utahhomesaver@gmail.com.
Greater Salt Lake Short Sales. Real Help for those that need it most.
View My homes for sale at BuyUtahNow.com.
