Repair Credit Score, Getting Rid of NOD
A NOD is bad news when you’re trying to repair credit score. When you cannot pay something, the lender is likely to report that you have defaulted on the payment to the credit bureaus. If the notice of default or NOD for short It on your mortgage payment, then you have a bigger problem.
If you have not paid your mortgage payment, you should paid immediately to avoid further problems.
Once the lender reports that you have defaulted on a payment, it usually gets worse in terms of what is going to be on your credit report which does not help your credit score.