Posted on: 01st Nov, 2012 12:54 am
I want to know if a Foreclosure drop off credit report @ 7.5 years from first reported late or from final foreclosure date. I ask this because my first late payment was 4 years ago and I still don't have a foreclosure to this day... So will the 7.5 clock reset once Chase forecloses?? I live in Oregon so it will be a Non Judicial....
As far as I know, the account is scheduled to drop off your credit file no later than 7.5 years from date of first delinquency.
Hi Guest,
I agree with what Niicss has said. The account will drop off after 7 - 7.5 years of your first delinquency. You can even contact the credit bureau and they will help you further in this regard.
I agree with what Niicss has said. The account will drop off after 7 - 7.5 years of your first delinquency. You can even contact the credit bureau and they will help you further in this regard.