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  #1  
Old 08-22-2008, 02:33 PM
wakii wakii is offline
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Default rebuild credit after foreclosure

If I go into foreclosure, can I rebuild my credit afterwards? How long does it take?
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Old 08-22-2008, 06:33 PM
Canadian Canadian is offline
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Of course you can rebuild your credit, but it's not going to be easy. You have to make some serious changes to avoid similar bad credit problems in the future.
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Old 08-22-2008, 07:08 PM
bullish bullish is offline
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If you can try avoiding foreclosure.
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Old 08-25-2008, 01:16 PM
ggonzo ggonzo is offline
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Try not to go into foreclosure. It takes at least 7 years to rebuild your credit. Can you consolidate your bills and lower the monthly payment so you don't go into foreclosure?
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Old 08-25-2008, 03:54 PM
Canadian Canadian is offline
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The mortgage is the single largest expense for most people, and even if they are able to consolidate other debts, this might not solve the problem with the mortgage payments.
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