Typically, people dealing with foreclosure, bankruptcy or short sales are concerned about the impact those things may have on their credit.

We focus on taking the mystery out of your credit score, so that you can focus on eliminating the potential liability to the creditor. However, understanding what makes up a credit score will help when facing foreclosure, bankruptcy or short sales, even though credit does recover quickly.

The five factors are:

• Payment History - 35%
• Credit Utilization - 30%
• Length of Credit History - 15%
• Credit Mix - 10%
• New Credit - 10%

We discuss these factors in detail in this week's episode of the podcast.

If you have questions we can answer in future episodes, please contact us at [email protected] or www.yesnerlaw.com.