- This topic has 24 replies, 9 voices, and was last updated 16 years, 9 months ago by
Critter.
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August 19, 2007 at 5:30 PM #9945August 20, 2007 at 10:16 AM #78312
(former)FormerSanDiegan
Participant“Is this kind of bankruptcy really hunt us 2 years only?”
All your base are belong to us.
August 20, 2007 at 10:16 AM #78437Participant“Is this kind of bankruptcy really hunt us 2 years only?”
All your base are belong to us.
August 20, 2007 at 10:16 AM #78460Participant“Is this kind of bankruptcy really hunt us 2 years only?”
All your base are belong to us.
August 20, 2007 at 10:22 AM #78321lendingbubblecontinues
Participantfinally said someone did what thinking had been
August 20, 2007 at 10:22 AM #78446Participantfinally said someone did what thinking had been
August 20, 2007 at 10:22 AM #78469Participantfinally said someone did what thinking had been
August 20, 2007 at 10:45 AM #78327
JPJonesParticipantWow. That made my heard hurt a little, but here’s what I THINK he (or she? Meh…) is asking:
Can a foreclosure affect his friend’s current employment?
If he is currently employed, then not likely. If he is job hunting, some employers do run credit checks on applicants, though I don’t know what in the reports they would look for that might keep them from hiring someone. I imagine it would be a little different for every employer.Does the ding to his friend’s credit only stay on his credit report for 2 years?
No. I thought it was at least 7 years. Someone else correct me if I’m wrong.August 20, 2007 at 10:45 AM #78452JPJonesParticipantWow. That made my heard hurt a little, but here’s what I THINK he (or she? Meh…) is asking:
Can a foreclosure affect his friend’s current employment?
If he is currently employed, then not likely. If he is job hunting, some employers do run credit checks on applicants, though I don’t know what in the reports they would look for that might keep them from hiring someone. I imagine it would be a little different for every employer.Does the ding to his friend’s credit only stay on his credit report for 2 years?
No. I thought it was at least 7 years. Someone else correct me if I’m wrong.August 20, 2007 at 10:45 AM #78475JPJonesParticipantWow. That made my heard hurt a little, but here’s what I THINK he (or she? Meh…) is asking:
Can a foreclosure affect his friend’s current employment?
If he is currently employed, then not likely. If he is job hunting, some employers do run credit checks on applicants, though I don’t know what in the reports they would look for that might keep them from hiring someone. I imagine it would be a little different for every employer.Does the ding to his friend’s credit only stay on his credit report for 2 years?
No. I thought it was at least 7 years. Someone else correct me if I’m wrong.August 20, 2007 at 11:07 AM #78336lniles
ParticipantAll your base! Heard that one while in a I have not.
Now I feel mean… 🙁
August 20, 2007 at 11:07 AM #78461ParticipantAll your base! Heard that one while in a I have not.
Now I feel mean… 🙁
August 20, 2007 at 11:07 AM #78484ParticipantAll your base! Heard that one while in a I have not.
Now I feel mean… 🙁
August 20, 2007 at 11:27 AM #78348SHILOH
Participantfrom Wikipedia:
Foreclosures on Credit Records
The legal action of foreclosure may show on a consumer credit report for 7 years from the date of entry (filing).Here is more detail and input from others:
Seven years from the date it is entered into public records.
The Fair Credit Reporting Act allows the legal action of foreclosure to remain for 7 years from the date of filing.
7 years + 180 days from date of first delinquency.
It will take up to 7 1/2 years to clear a foreclosure from your record
IF you already have a job, you will not lose your job only because you foreclosed on your home.
However, a foreclosure could affect you if you go looking for a new job, or if you lose your current job and need to find a new one. That depends on what kind of job you are applying for. Most employers care more about your work ethics and work habits which they get from speaking to a former employer, not from looking at your credit report.
August 20, 2007 at 11:27 AM #78474Participantfrom Wikipedia:
Foreclosures on Credit Records
The legal action of foreclosure may show on a consumer credit report for 7 years from the date of entry (filing).Here is more detail and input from others:
Seven years from the date it is entered into public records.
The Fair Credit Reporting Act allows the legal action of foreclosure to remain for 7 years from the date of filing.
7 years + 180 days from date of first delinquency.
It will take up to 7 1/2 years to clear a foreclosure from your record
IF you already have a job, you will not lose your job only because you foreclosed on your home.
However, a foreclosure could affect you if you go looking for a new job, or if you lose your current job and need to find a new one. That depends on what kind of job you are applying for. Most employers care more about your work ethics and work habits which they get from speaking to a former employer, not from looking at your credit report.
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