So, everyone says you should be careful to maintain high credit scores. So, the loan officer says you can only get the best mortgage interest rates if your credit score is over 720. So you wonder just how much you will get dinged if you do any of the "no, no's" of credit management.
MSN Money says that the following negative information will affect you credit score by...
Effect on a 680 score Effect on a 780 score
Maxed out credit card -10 to -30 -25 to -45
30 day late payment -60 to -80 -90 to -100
Debt settlement -45 to -65 -105 to -125
Foreclosure -85 to -105 -140 to -160
Bankruptcy -130 to -150 -220 to -240