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How will a foreclosure affect your credit?

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Foreclosure is a very damaging entry on a CR, and will cause problems if the person tries to obtain credit (especially another mortgage), in the future. Foreclosures remain on a CR for seven (7) years.

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First answer by Macky. Last edit by Macky. Contributor trust: 3452 [recommend contributor]. Question popularity: 50 [recommend question]

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