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46
Posts
3
Votes
Gary Hawes
  • Real Estate Investor
  • Myrtle Beach, SC
3
Votes |
46
Posts

Boosting Credit Score??

Gary Hawes
  • Real Estate Investor
  • Myrtle Beach, SC
Posted

I am helping someone sell their mortgage notes they create by them selling houses to people and taking back a mortgage and note.

My Question: Example:
The people have payed six months payments and have been on time. The payers have a 520 credit score. How much will the the scores go up if he reports the good pay history to the credit bureaus??

Thanks,
Gary

Most Popular Reply

User Stats

122
Posts
53
Votes
Dustin Lyle
  • Investor
  • Clarksville, TN
53
Votes |
122
Posts
Dustin Lyle
  • Investor
  • Clarksville, TN
Replied

Well.. that's sort of a loaded question considering it is impossible for someone to report positive payment history to the credit bureaus on individual accounts.
The bureaus only accept positive info in batches of 100+.

That said... Negative info can, in fact, be reported individually, Go figure.

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