Know About Eviction and How It Affects Your Credit Score
Your credit score is a three-digit number that lenders use to assess your creditworthiness. A high credit score means you're a low-risk borrower, which could lead to lower interest rates and better loan terms. Conversely, a low credit score could make it difficult to qualify for a loan or get approved for favorable terms. An eviction can have a significant impact on your credit score, particularly if it goes to court. The eviction process will appear on your public record, which could cause your score to drop by 100 points or more. Additionally, you may have difficulty finding new housing if landlords conduct a background check and see that you've been evicted in the past. As a result, it's important to be aware of the potential consequences of eviction before you find yourself in that situation. If you have any questions about eviction or need help with your credit score, give us a call at (888) 803-7889 . We're here to help and would be happy to answer any questions y