Will foreclosure hurt my credit?

When you fall behind on bills, it sets off a domino effect of debt problems. One of the biggest problems can be missing mortgage payments on your house, which can eventually result in foreclosure. If you’re asking yourself whether foreclosure will hurt my credit, the answer is almost certainly “yes.” A foreclosure is a serious negative credit event, which not only lowers your credit score now but can prevent you from qualifying for new loans and credit cards for years into the future. [...]