Mortgage fix may hurt credit score (page 2)


In addition, a bankruptcy may have a greater negative impact on a borrower's FICO score than a foreclosure, according to the myFICO Web site: "While a foreclosure is a single account that you default on, declaring bankruptcy has the opportunity to affect multiple accounts and therefore has potential to have a greater negative impact on your FICO score." A bankruptcy remains on a credit report for seven to 10 years, depending on the nature of