Bankruptsy vs Foreclosure

Which is worse on your credit report?? I seem to remember somebody saying a Foreclosure is, if this is true I would love some evidence supporting that.

I want to use it on my pre-letters.

Foreclosures is worst. Here is the reasoning behind this. For example… Bk …you tried to pay your bills… in foreclosure you did not pay your bills. Banks look at credit and the risk and loan to those that are willing to pay back the loan. Hope this help.

I would go with the Foreclosure instead of the Bk. My reasoning is I have removed a lot of both from peoples credit over the last 10 years, but I have removed about 40 foreclosures for every Bk. I have had clients with multiple forclosures get them off thier report. Just like now I have a client that when I started working with her just 2 1/2 months ago she had 3 current mortgages and 5 foreclosures, yes 5. Now we have 2-3 of the foreclosures gone from all 3 bureaus and 1 of the mortgages reporting as paid as promised never late. So over the next 3-4 months she will be back on track. What is lovely her score jumped up to like 690-698 on all bureaus with these and a couple of other minor adjustments. I am trying to get her in the 720 range and let her get back at investing with a little more of plan for everything.