Stan Hamm
RE/MAX Around The Mountains
661 Appalachian Hwy.
P O Box 2468
Blue Ridge, GA, 30513
706-258-5560 Office
706-455-0187 Mobile
706-632-4424 Fax
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How long do bankruptcies and foreclosures stay on a credit report?


Bankruptcies and foreclosures can remain on a credit report for seven to 10 years.
Some lenders will consider an borrower earlier if they have reestablished good credit. The circumstances surrounding the bankruptcy can also influence a lender's decision. For example, if you went through a bankruptcy because your employer had financial difficulties, a lender may be more sympathetic. If, however, you went through bankruptcy because you overextended personal credit lines and lived beyond your means, the lender probably will be less inclined to be flexible.
 
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