How long does it take to get foreclosure off credit report?
Question:
Answer:
6-7 years
It may take anywhere up to ten years. After seven years it "should" come off but may not. You will have to contact each reporting agency to request the removal of that item.
This does not mean that you can not refinance a home or purchase a new one. Most secondary (non-prime) lenders will allow you to refinance or purchase after a period of two to three years. Of course you will not get bank rates and your interest will be higher. It also depends on your credit history (and score) since the foreclosure was reported.
seven years, bancruptcy is ten years.
7 years before it gets taken off the credit report.
go to one credit repair company, check around so are fakes.
never. the common myth is that things disappear from your credit report after 7-10 years. NOT TRUE. whatever happens to your credit report stays on your credit report forever. it's just that after a certan time, those things no longer affect your score. Credit is not about making sure everything is correct. it's more about rebuilding than anything else. in your case rebuilding your credit is key. Credit allows you to start over several times. in your situation it's like starting over from scratch where you leave the past where it is and start again, from the bottom.
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