Debt and Bankruptcy
Debt Collection
Foreclosure

How does foreclosure affect credit?

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Wiki User
February 17, 2012 2:01PM

Your credit will be affected negatively with a possibility of your credit score dropping 200 or more points. Not sure if you are in foreclosure now but if you are not make sure to communicate with your banks regarding your situation to prepare for other options and at least the banks will be aware.