Posted on: 30th Oct, 2010 05:44 pm
My husband and I must leave USA in 3 months from now due to legal status (will not able to return after 10 years). Automatically, we will lose our job/income. Currently we have 1 house with 2 mortgages. We have no choice but to face a forclosure. We have 2 medical credit bills (never paid late) and each of us has 1 major credit card. We plan to stop paying the mortgages today and ready for the forclosure in 3 months. We know our credit score will start diving south by then. We plan to maintain our other credits in good standing as well as actively use the Credit Cards we have for small purchases and pay on time.
Will we still be able to use our current Credit Cards in different countries (e.g. Asia, Australia, Canada, UK)?
What are your advices in order to repair the damage caused by the Forclosure? Will opening an additional, new credit card before foreclosure begins do good and help repair the damaga or vice versa.
Will we still be able to use our current Credit Cards in different countries (e.g. Asia, Australia, Canada, UK)?
What are your advices in order to repair the damage caused by the Forclosure? Will opening an additional, new credit card before foreclosure begins do good and help repair the damaga or vice versa.
Welcome Suzie,
If you're paying your credit cards on time, then you'll be able use the credit cards in different countries. I don't think you'll face any issues in that case. After a foreclosure, you'll be able to improve your credit score. You can check out the given page in order to know some steps in this regard:
http://www.mortgagefit.com/credit-rating/credit-repair.html
If you're paying your credit cards on time, then you'll be able use the credit cards in different countries. I don't think you'll face any issues in that case. After a foreclosure, you'll be able to improve your credit score. You can check out the given page in order to know some steps in this regard:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thank you for your response...!!