Hello. To answer the question of whether selling my house will raise my credit score, it won’t. There is actually no direct impact on your credit score when you sell your house. There can be indirect impacts, but they are situational and minimal. So, it mainly depends on many things and whether they apply to you.
Suppose you have a mortgage on the house and you are selling it, then there can be an impact. I will expand on this below.
When does Selling a House Impact Credit Score?
Here are some situations where selling your house can have an indirect effect on your credit score:
Mortgage: If you have a running loan on the house you’re selling, the loan will be paid off during the sale. This means that you no longer have the loan factored into your credit score calculation. This can seem like a negative impact as an entry is being removed from your credit report. However, the impact is minimal, so don’t worry.
Debt-to-Income Ratio: Another impact will be on your debt-to-income ratio, which, if you don’t know, is the amount of debt you have, compared to your salary. With the loan removed, your debt-to-income ratio should improve, impacting your credit score slightly.
All in all, selling your home won’t have any significant influence on your credit score. I hope this helps.
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If I Sell my House will my Credit Score Go Up?
kamal58
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6 months
2025-05-30T16:21:50+00:00 2025-05-30T16:21:51+00:00Comment
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