So I've been working very hard at rebuilding my credit even though I'm going through a foreclosure on my home (due to divorce). I just spoke with one of the attorneys for the bank the other day, and they are going to be able to process a Deed in Lieu of Foreclosure by the end of the year. What does this mean for my credit score? I mean I know it's going to hit it hard (just like the late payments for the mortgage have been for over a year now). I have raised my score over 100points since June, so I'm just curious. I have two more collection accounts on Experian - one of which I have arranged a PFD for. I have two showing on TransUnion - one of which I have arranged a PFD for. Equifax shows none. My plan for now had been to garden and wait for my score to improve so I could apply for a refi for my car loan - but I'm wondering should I be trying to get that through before the Deed in Lieu hits my credit?
Starting Score: 577 EX 9/9/2015 Current Score: 577 EX 9/9/2015 Goal Score: 700