@Donald Hatter We send the information to a collection agency who attempts to recover the money; after they make several attempts they place it on their credit report. 

Seller financed (probably) won't be reported to the credit bureaus and so won't impact your credit score at all.

Quote from @Carlyn Chism:I agree with Chris on a lender that might be a scam or make you may so much money interest because of the low credit score that you make $1.00 on the flip or no money.  

WE dont pay a fee for the credit line as I mentioned just 1/2 point for each new loan..

Credit cards have the same limitation on the amount you can borrow and will likely end up costing more than private lenders.

It may or may not show on a credit report, depends on the servicing and you should have the loan serviced.Failure to include the debt on a future loan application is mortgage fraud, wanna go to jail?

As someone fascinated by the intersection of housing, technology, and fairness, I couldn’t ignore the Justice Department’s latest lawsuit against six of the largest landlords in the country. It’s not every day that ac...

here is what we did to have our 90 home project in Oregon standout and compete with the likes of Lennar  and Holt ( major regioinal) and Toll.Kitchens and bathrooms..

It is easy for people to download fake W2s, ESA paperwork, etc, with a few mouse clicks and a credit card. 

Credit Score: A credit score of 650 or higher is required.