1. Understand your credit history. Like any problem, you cannot fix it and move on until you understand the cause of the problem. Getting credit after a foreclosure is no different. Look at the reasons for your foreclosure in the first place. Did you finance a home that was too big? Did you get too many credit cards? Determine what you did wrong the first time around and do things differently. Understanding why you were foreclosed upon the first time will help prevent it from happening again.
2. Pay your bills on time. Just because your home was foreclosed upon does not mean you should stop paying your other bills. This could lead to a bankruptcy on top of your foreclosure which would mean even bigger issues for your future credit score. This will add a positive to your negative credit report and make it easier to get credit in the near future.
3. Get a credit card and use it wisely. After a foreclosure, just like a bankruptcy the most important factor is time. This does not mean you can't do things to improve your credit a little faster. Find a secured or unsecured credit card with a reasonable interest rate and use it to make purchases. Then, pay off your credit card bill in full every month. This will help show that you can properly manage credit by borrowing only the amount you can afford to pay off in a reasonable time.
4. Know when you need help. Did your foreclosure take care of the main issue or are there other problems that you need to address. Understand your finances and make the effort to fix them. This may mean hiring a credit counselor that will work with you and our family to establish a budget and make your monthly payments on time.

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