Marc Bibeault,e-PRO,ABR,GRI
Keller Williams Realty
Licensed in R.I. & MA.
1170 Pontiac Avenue
Cranston, RI 02920
401.785.1700 ext.489 Office
401.965.7554 Mobile
401.785.3850 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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