Short sale reported as foreclosure on credit report

Posted in Uncategorized by Tagged Fair Credit Reporting Act, FCRA, FICO, foreclosure, late payment, remove foreclosure, remove short sale, short sale Leave a comment

Quite few people go through the process of a short sale of their home, but then the lender(s) will report it as a short sale on their credit report!  If a short sale is not reported accurately on your credit report then the account should be deleted per the FCRA (Fair Credit Reporting Act) True, Read More

How long does a foreclosure have to be listed on a credit report?

Posted in credit report, Fair Credit Reporting Act, foreclosure by Tagged credit report, deleted foreclosure, deleted short sale, Fair Credit Reporting Act, FCRA, foreclosure, foreclosure deletion, remove foreclosure, remove foreclosure from credit, short sale deletion Leave a comment

As you read the law below (FCRA) you can see that it allows the creditor to report the derogatory item for no longer than 7 Years. This means they can report this derogatory item for 7 years- but not one day more. They can delete it prior to that time period referenced if you can Read More