This sends out a negative message to potential lenders you might approach in the future.
Therefore, what can you do to make a foreclosure's effects on your scores a little lighter? The first thing you can do is to give up other personal or conjugal assets you and your partner possesses. Remember that this was the root cause of the recent recession-the bursting of the credit bubble.
Another thing is to just maintain a good standing on all other possible sources of your credit history information. Remember that your score does not depend solely on one aspect alone. A foreclosure hits hard in your score, but that can still be managed. You may have had a foreclosure at this point in time but several years later it will be quite irrelevant to your credit history because the older an information gets, the less reliable it becomes as a source of information.

Who else needs to improve their credit score? Are you sick and tired of being rejected for credit on account of a FICO score that would make ANY banker balk? If you are anything like I used to be, the thought of sharing your credit report with strangers when applying for loans, credit or even an apartment to rent is enough to give you an anxiety attack for sure.
The truth? My credit was SO bad.....I literally avoided just about any scenario that would require me to having to reveal it, meaning I lost out on so many opportunities in life that it was truly sickening.
For example....I wouldn't apply for a job when I knew my score would be pulled. I was afraid to go apartment hunting with my girlfriend...because I didn't want her to think I was a "loser". I simply curled up in a corner and thought I could "wait it out" and re-emerge BACK into society when my 7 years of credit purgatory and punishment were done.

https://www.mycreditscorecheck.co.uk