Question : How can you remove a foreclosure from your credit?
Can a foreclosure be removed from your credit after a year? How long does this stay on your credit report?
- asked by Jos
All Answers:
Answer #1
It can't be removed. It generally stays on yourreport for seven years, although it can remain upto 10 years.Sorry I don't have better news.
- answered by theeconomicsguy
Answer #2
What he said. ^^^You're stuck with that one!Thereare "Credit Repair" companies out there that willcharge an exorbitant amount of money to "fix" yourcredit, including removing your foreclosure. Thisis a scam - don't fall for it!
- answered by Mr. Knowitall
Answer #3
The only things you can remove from your creditreport are things that are incorrect. If theydidn't happen, then contact the financial companythat put them there and get it taken care of.Thebad marks that are correct and get posted willcome back to haunt you for around 7 years.
- answered by cg
Answer #4
It stays on for 7 years.You can't remove it unlessit is incorrect. Then you can file a dispute. Any credit repair place that tells you they can"fix" it is lying and will charge you money tobasically do nothing. You're stuck with it for awhile.You can, however, start doing things toimprove your credit score.Pay all bills ON TIME. Late payments kill you.If you still have a creditcard, use it fairly regularly but pay the entireamount off when the bill comes. Those regularpayments will help you but you have to pay it ontime.Reduce any other debt you have. If you stillowe credit cards, pay more than the minimummonthly payment. If your cards are maxed out,it's hurting your score. Get them paid down tobelow 30% of your credit limit and don't run themup again.After a period of time of regularpayments and getting your debt reduced, your scorewill start going back up. The foreclosure isgoing to stay there for a while though.
- answered by Faye H
Answer #5
Nothing can be removed unless it's wrong. It willstay on your credit for 7 to 10 years.Do not fallfor the people out there that say for a fee we canfix your credit, it's a scam. All they are goingto do is protest it and it will be removed for acouple of months until the facts are in and itwill reappear.
- answered by spifiman1
Answer #6
out of luck...eat the next 7 to 10 years andswallow...Learn from this...Want to buy anotherhome...there's ways...to much to say here
- answered by overhereyoupretty
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