|How much impact does a short sale have on FICO® Scores? How about a foreclosure? Here are the results of new FICO research that sheds light on this subject.|
The FICO study simulated various types of mortgage delinquencies on three representative credit bureau profiles of consumers scoring 680, 720 and 780, respectively.
Results are shown below. The first chart shows the impact on the score for each stage of delinquency, and the second shows how long it takes the score to fully “recover” after the fact.