If your credit history isn’t all that long or spotless, adding a credit account with a long, positive credit history to your report will certainly boost your score but how do you all of a sudden add an old account to your credit report?

Having a foreclosure on your credit report is like dropping a bomb on your credit score — almost cutting it in half in some instances. Your FICO Score will take a big hit that could remain on there for as much as seven years.