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How Does Foreclosure Affect Your Credit?

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Foreclosure and your credit

Foreclosure can severely negatively affect your credit. When going through a foreclosure your credit can fall as much as 200-300 points. This is a huge sign to future lenders that you are not a trustworthy person and will affect your ability to purchase and rent future homes. Getting in front of foreclosure and being sure to be on time with your payments, and communicate with your lender can help make sure you don’ t fall behind on your payments. At 407Foreclosure Help they have over ten years of experience to make sure you know your options to best cover your situation. Don’t take a credit hit and get foreclosure help today! 

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