How long do bankruptcies and foreclosure stay on a credit report?

Click stars to vote (left is low, right is high)

(No Ratings Yet)

 Loading ...

[?]
 Print This

They can remain on your credit record for seven to 10 years.

However, a borrower who has worked hard to reestablish good credit may be shown some leniency by the lender. And the circumstances surrounding the bankruptcy may also influence a lender’s decision. For example, if you went bankrupt because you were laid off from your job, the lender may be more sympathetic. If, however, you went through bankruptcy because you overextended personal credit lines and lived beyond your means, it is unlikely the lender will readily give you a break.

Discussion Forum

Topic	Posts	Last Poster
Life Outside of Real Estate	15	AgentGlobal
Agents Needed - Register Today!	1	mycondospot
Ethical values in real estate business	6	jespiritu
Referrals to Reno, Nevada	1	RenoRealtorPat
NEED AGENTS / & REFERRALS	49	sharonross
Is Social Media Marketing Effective in Real Estate Industry?	4	rhukill
MLS exposure without paying the commissions!!	9	TeamRemaxVision
PMI	1	amerca7163
Ethics	3	mrbrian
"Ethics"	5	Martina

Create Your Own Success Blueprint

By Dr. Maya Bailey
RISMEDIA, Sept. 5, 2008-Have you often wondered how you can become even more successful? Have you ever felt as though you have a “glass ceiling” on your level of success? In spite of all your hard work, do you find yourself still falling short of having financial security? Do you see people […]