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How will the Modification fAfect My Credit?

April 26, 2017credit modification

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How will the Modification fAfect My Credit?

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Accepting a loan modification can affect your credit score, but the actual effect will depend on a variety of factors. For more information about your credit score and how to improve it, visit www.ftc.gov/bcp/edu/pubs/consumer/credit/cre24.shtm. Each month, servicers must describe to the credit reporting agencies the exact status of each mortgage.