Our goal is to have the most social and interactive FAQ section ever, something we are calling the #OwnGrowProtect Social FAQs! Lofty yes, attainable... definitely. All we need is a little help from you! If you have a question related in any way to mortgages, insurance or personal finance, connect with us on any social media platform, ask your question and we will answer with a YouTube video!
So I made the offer on twitter, got the following question, here is the conversation.
So Gord McCallum and I recored the following video!
Mortgage Default, Credit Scores and You!
Although a mortgage default will not directly affect your credit score... I think Gord nails it with this statement
"I have never met anybody who has defaulted on their mortgage without prior default on all their other payments." Gord McCallum
Basically, if you are at the point where you are defaulting on your mortgage, although the actual mortgage default may not directly impact your credit score, chances are your score is already beaten down.
The Truth About Credit Inquiries
Another question that is commonly asked as it relates to credit scores is:
"I have heard that pulling my credit score will hurt me, is this true?"
In response to this question, back in March of 2013 I put together this post on our blog. and recorded this audio clip.
Other Credit Resources
Here is a list of other pages that deal with credit that you might find interesting!
- What is a Credit Score
- Common Negative Credit Score Reasons
- What Can I Do To Improve Credit Worthiness
- What is Credit Monitoring
Social FAQ List
Here is a complete list of all the videos we have created for the #OwnGrowProtect Social FAQs - Have a look around, let us know if you have any questions!