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foreclosure

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ortiz03 Joined: 24 Aug 2010 Posts: 1 1.00 Dollars($)	Posted: Tue Aug 24, 2010 5:46 pm    Post subject: foreclosure Like 0 Dislike 0 what happens to your current credt cards if you go into foreclosure.does the bank cancel them automatically or you can conti nue to use them.
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Tue Aug 24, 2010 9:25 pm    Post subject: Like 0 Dislike 0 Hi ortiz, I don't think a bank will cancel credit cards because your property went into foreclosure. However, the credit card limits might be reduced by the bank after a foreclosure takes place. Thanks

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