Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!


Posted in Credit Scores
Profile Image

Question By

0 Contributions
0 People Helped
How quickly will my credit recover after a short sale?
So my situation is fairly unusual. I had perfect credit before my short sale and was able to buy a new home before I defaulted, so I have and am current on another mortgage and have little debt otherwise (I also have several very long-standing account with 0 balance). My short sale just hit my credit report. It had fallen to c. 625 due to missed payments but after the account reported as settled for less than full amount, my score oddly INCREASED to 697. Is that all there is? How fast will I rebound if paying off the loan for less than full amount gave me a c. 70 point increase?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.


Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.