Foreclosure and short sale are two different ways that a homeowner can deal with a mortgage that they can no longer afford to pay. Both options can have a negative impact on a person’s credit score, but they differ in how they are handled and the consequences...
Credit scores play a significant role in our lives. From renting an apartment, getting cable and utilities, to eventually securing a mortgage to buy a house, your credit score directly affects your ability to do these things. Since there are a lot of misconceptions...