http://www.marinajacobsonhomes.com Buy or Sell Your New Home in Glenview or Morton Grove, Illinois Sun, 29 Jan 2012 15:31:49 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://www.marinajacobsonhomes.com/how-long-do-bankruptcies-and-foreclosures-stay-on-a-credit-report http://www.marinajacobsonhomes.com/how-long-do-bankruptcies-and-foreclosures-stay-on-a-credit-report#comments Mon, 04 May 2009 13:57:46 +0000 Marina http://www.marinajacobsonhomes.com/?p=357 Bankruptcies and foreclosures can remain on a credit report for seven to 10 years.
Some lenders will consider a 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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