How will foreclosure affect my credit score

Bottom Line

Having a foreclosure on your report probably won't prevent you from ever obtaining a mortgage again, but you may need to wait a while until you're able to qualify or get the rates you're hoping for. Keep an eye on your overall financial health, and practice good habits in the meantime.

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About the Author: Kayleigh Gaddor is the Community Manager at Credit Karma. Not content to stay in one place too long, she's most recently traveled to Hong Kong, Scandinavia and Hawaii. An avid reader and proud introvert, Kayleigh can usually be found with her head buried in her Kindle.

Source: www.creditkarma.com

Category: Credit

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