Sub2 - Our Payment helping sellers FICO score? Any credit repair specialists?
Hey, I posted this in the innovative strategies forum but didnt get any bites. I tried to get it moved here but no luck, so, sorry for double posting.
One benefit that we talk about when selling a seller on the idea of selling Sub2 (wow that was a lot of the word "sell"), is that our bringing their loan current and subsequently making timely payments for years to come will raise their credit score. Does anyone know how long this will actually take? Or the actual benefits they will see from our bringing their account current and paying on time?
Are there any credit specialists out there who can give us a rough idea of how much impact say a year of on time payments would have on a persons credit score after they have been negligent?
Thanks