Note Buyer, My note payor has bad credit...

Calling all note buyers...

I just talked to a note buyer and he asked me what the credit score of the payor on my note is.
How do I know? He makes his payment on time, that's all I care about.

What's the dealio with the credit score of the note payor?

Answer: Like everything else I have said in these related blog entries, credit score of the note payor is just 1 factor in the 13 factors that determine the value of your real estate note.

Obviously, the credit score (good or bad) doesn't tell you what the payment history will be on the note in the future.

Credit scores are just a value that the credit bureau's assign based on the creditors who have reported to them, based on an individuals past accounts...

Some note buyers place a great deal of emphasis on credit scores, other note buyers place very little weight on the payor's credit score.

Want to sell your note? Call me and we can talk about what I would pay to buy your note.