If you are looking for a way to recover from a recent issue such as a foreclosure or bankruptcy then you are probably going to want to seek free credit counseling. Of course, the term free credit counseling is just a bit misleading. Yes you are getting free credit counseling but normally the companies that do this are also offering you some sort of debt consolidation loan and the amount it would normally cost for the credit repair advice will be placed in the bulk amount of your new loan. Otherwise, it is possible to find credit counseling but you will pay an outright fee. Obviously, if you are just getting finished with having your home taken away there is a good chance you cannot afford services such as these. This is why going with one of the aforementioned companies may be your best bet.
You will want to take care of your existing debt this is one thing that is for sure. You cannot even begin to repair your credit until your collection accounts are cleared and the negative marks are taken off of your score. In some cases when your home has been foreclosed on the bank will not break even on the sale of your home. In fact sometimes the bank even takes a loss and generally speaking they may in turn add a charge to your credit for the excess money that is owed on the original loan. These are all things a good credit counselor will look into. Once you are sure that you are beginning to slowly but surely get everything caught up then you should begin to see gradual improvements to your over all credit score. It is important to remember that this is a process that will not occur overnight. You must stick with whatever strategies you have in place if you want to repair your credit.