Which is worse on your credit: bankruptcy or foreclosure?

Answer On One Hand: A Bankruptcy Lasts LongerA bankruptcy will stay on your credit report for 10 years, where a foreclosure will stay for only seven. Consequently, although both are devastating to a credi... Read More »

Top Q&A For: Which is worse on your credit: bankruptcy or fo...

Is foreclosure worse then bankruptcy?

On One Hand: Bankruptcy Is WorseA bankruptcy will remain on your credit reports for 10 years, according to The stigma associated with bankruptcy will make it difficult for you to obtain ... Read More »

How does foreclosure&bankruptcy affect credit?

Bankruptcy and foreclosures are both stressful and traumatic. Both result in serious losses and take substantial time to recover. The effects of the two are long lasting but consumers should be awa... Read More »

How Long Does It Take to Repair Your Credit With a Credit Bureau After a Foreclosure?

The Fair Credit Reporting Act allows the nationwide credit bureaus to report foreclosure information for seven years. Even with the foreclosure you may be immediately eligible for some forms of cre... Read More »

Do credit reports make your credit worse?

If you request a copy of your own credit report, or if a prospective or current employer requests a copy as part of a background check, your credit score will not be impacted. When potential lender... Read More »