How much does your credit score drop with a foreclosure?
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Answer:
The damage your credit takes after a foreclosure depends upon how high your credit rating was prior to losing your home. The higher your credit rating was prior to the foreclosure, the more credit points you will lose. Foreclosure can damage your credit score by up to 300 points.Source:http://realestate.aol.com/article/credit/_a/how-foreclosure-affects-your-credit-score/2009041001More Information:http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm
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