Having a bank foreclose on your home will devastate your credit score, but you can recover from the scar on your credit record with a little time, patience, and hard work. Most consumers can expect a drop of between one hundred to two hundred points or more on his or her credit score following a foreclosure. But, despite a foreclosure having a huge impact on your credit score, you can sell recover from the damage it will do to your score. See the full article on CreditScore.net.
(photo credit: Andres Rueda)