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Credit cards and foreclosure

tag
Anonymous
Not applicable

Credit cards and foreclosure

If my motgauge is foreclosed upon, what effect will this have on my credit cards?  Do they automatically close your credit card accounts? Any advers action if I also moved out of my current state of residense? Do they allow you to keep your credit cards if you loose your home? Thanks
Message 1 of 3
2 REPLIES 2
marty56
Super Contributor

Re: Credit cards and foreclosure

No they wont automatically close your credit cards but some of the CCCs could do AA on you.
1/25/2021: FICO 850 EQ 848 TU 847 EX
Message 2 of 3
Anonymous
Not applicable

Re: Credit cards and foreclosure

Thanks marty56. What general"hit" on my fico would a foreclosure cause? How long to rebuild from it? Any way to ever purchase another home any time soon?
Message 3 of 3
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