What will happen to my credit cards if my home is foreclosed?

April 14, 2009 by admin  
Filed under Questions and Answers

credit cards
triguyinla asked:


I have over $100,000 in credit on my 7 or 8 credit cards, all with a 0 balance. I am facing foreclosure in a few months. Will the banks cancel my credit cards once I get a foreclosure on my credit? Should I just max out all my credit cards with no intention to pay them?

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