2006-06-19 04:00:00 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
6-7 years
2006-06-19 04:03:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
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.
2006-06-19 04:12:37 · answer #2 · answered by gmommy 3 · 0⤊ 0⤋
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.
2006-06-19 07:12:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
7 years before it gets taken off the credit report.
2006-06-19 04:40:24 · answer #4 · answered by Halo 5 · 0⤊ 0⤋
Derogatory money owed instruct for 7-years for the date of first delinquency per the honest credit Reporting Act. extra advice; derogatory money owed are ruled by making use of Federal regulation, it makes no difference what State you reside in.
2016-10-31 03:11:40 · answer #5 · answered by ? 4 · 0⤊ 0⤋
go to one credit repair company, check around so are fakes.
2006-06-19 04:47:18 · answer #6 · answered by ron d 3 · 0⤊ 0⤋
seven years, bancruptcy is ten years.
2006-06-19 04:26:29 · answer #7 · answered by hollywood71@verizon.net 5 · 0⤊ 0⤋