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Is foreclosure a good idea

better to avoid if you can. it can affect your credit score. however all would depend on your situation

Sub: #1 posted on Mon, 08/16/2010 - 02:56

bakerjon bakerjon

(Posts: 1086 | Credits: )

Foreclosure will hurt your credit. It can lower your credit score by 250 points. Moreover it will stay on your credit report for 7 years, and affects your credit negatively for the first two years. With time though the negative impact decreases.

Sub: #2 posted on Tue, 08/17/2010 - 05:08

(Posts: 3937 | Credits: )

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