Posted on: 11th Sep, 2012 02:57 am
I had a foreclosure in 2007 and my last payment was also in that year. On my credit reports from the three agencies, it shows the last payments were made in 2007. I see that on my detailed credit reports it shows the last seven years of payment history.
With that being said:
When does the foreclosure fall off my credit?
Does it just fall off on its own after seven years?
What determines the date? Last payment?
How should I be poised to get this off my credit report as soon as possible?
With that being said:
When does the foreclosure fall off my credit?
Does it just fall off on its own after seven years?
What determines the date? Last payment?
How should I be poised to get this off my credit report as soon as possible?
The foreclosure will fall off your credit report once 7 years are complete. If it does not come off automatically, you can contact the credit bureaus and request them to delete it. The date of foreclosure sale as reported by the lender will determine as to when the item will get removed from your credit report.
Hi Novice,
I agree with what Niicss has said. Contacting the credit bureaus and getting the account deleted will be a good option for you.
I agree with what Niicss has said. Contacting the credit bureaus and getting the account deleted will be a good option for you.
The foreclosure is going to fall off from your credit report only in 2014. Foreclosure is one of the negative listings and it is going to stay on your credit report for 7 years. The date when the foreclosure happened, is the one which is considered, that is the date as listed on your credit report.
The foreclosure is supposed to fall off, of its own. However, if it does not fall off, you can dispute the listing with the credit bureaus. However, you will have to wait for it to fall off, till 2014.
The foreclosure is supposed to fall off, of its own. However, if it does not fall off, you can dispute the listing with the credit bureaus. However, you will have to wait for it to fall off, till 2014.