How Long Does a Foreclosure Stay on Your Credit Report?
- September 15, 2022
How long does a foreclosure stay on your credit report? This is one of the many questions we frequently receive about foreclosures. We are not surprised that people have questions about this scary yet common process. Since 2009, when we first started helping consumers conquer their debt issues, we have seen so many lives affected by the changing landscape of mortgages and homeownership in the United States. The good news is that foreclosure problems don’t h [...]
Will foreclosure hurt my credit?
- September 20, 2021
When you fall behind on bills, it sets off a domino effect of debt problems. One of the biggest problems can be missing mortgage payments on your house, which can eventually result in foreclosure. If you’re asking yourself whether foreclosure will hurt my credit, the answer is almost certainly “yes.” A foreclosure is a serious negative credit event, which not only lowers your credit score now but can prevent you from qualifying for new loans and credit cards for years into the future. [...]