[quote=briansd1]Do you have a link on good credit practices, Arraya?
I’m sure that some would like to know.[/quote]
Actually a friend of mine did a strategic default back on 2007 and we did a little empirical test. He talked to a RE lawyer and credit councilor before hand. We tested his score before he missed a payment, like 7-8 months later and about 12 months after discharge. He started at 730 and dropped about 80 points then bounced back up almost all he lost 12 months later when we checked again..
I don’t remember all the specifics but increasing credit lines and NOT paying them off ever month were supposed to be the best practices while keeping a small balance on them.. Also, the longer you have credit lines the better.
