“There are many people out there who will tell you that you can’t. What you’ve got to do is turn around and say, ‘Watch Me’.”

— Jack White, Musician

List of the most Damaging items that affect your credit:

Here is a list in order of what most negatively affects your credit in regard to the nature of the item only:

  1. Bankruptcy
  2. Foreclosure
  3. Repossessions
  4. Court Judgments
  5. Liens
  6. High “debt to credit ratio” Balances divided by Limits on Revolving credit.
  7. Collections, Charge-offs
  8. Past due payments
  9. Credit Inquiries

This is not all inclusive but gives you an idea of the items you really need to pay attention to.

Keep in mind that “aging” of the information, i.e. how long has the item been on your reports is a major factor!

Over the last several years I have become a reverse mortgage expert to guide and consult homeowners accordingly. I provide straight forward and easy to understand information to educate on a reverse mortgage.

Please contact me if you have any questions about a reverse mortgage or mortgages in general. I am licensed in NJ, NY, CT, PA and FL and would be happy to assist you or anyone you know.

Thank you!

Marc C. Demetriou, CLU, ChFC
Branch Manager/Mortgage Consultant
Residential Home Funding Corp.
39 Main Street | Bloomingdale, NJ 07403
phone: 973-492-0117 | fax: 973-492-1108 | cell: 201-286-3386