You’ve Completed a Short Sale: It’s Time to Repair Your Credit

Once you’ve completed a short sale your focus should be on repairing your credit as quickly as possible.  Damaged credit affects your future finances and the sooner you can bring your credit score back up the better able you will be able to get financing at a decent interest rate.

As we all know, your credit score is important when purchasing a new car or a new home.  The higher your credit score the lower your interest rate will be.  You’ll probably be renting for a while but eventually you may decide to purchase a new home and you’ll be glad you repaired your credit.

You can deal directly with the three credit bureaus, Transunion, Equifax and Experian and ask them to remove errors one at a time.  This can be time consuming but cost effective.  The best bet is to sign up with a company that will provide access to all 3 bureaus.  Compare the companies available before choosing.

Alternatively, you can use a credit repair company.  Please do your homework when choosing a company to work with.  Check any company you are considering with the Better Business Bureau.  Also, google the company name to see if they have received bad reviews or any red flags show up.

Whichever method you choose be sure to start early.  Don’t wait until you need to replace your vehicle or want to purchase a home to start.

San Diego Short Sales