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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Aftermath Posted by Ward-CA- on July 16, 2003 at 6:12 AM In Reply to: recovery posted by jerry on July 14, 2003 at 3:08 PM : Going thru a foreclosure now, after filing chapter 13. Is there really life after all this and if so how long and what would help? -=-=-=-=-=-=-=-=- Jerry, Well, it’s said that the scar of a foreclosure will show against your credit record for about 7 years and about the same time for a bankruptcy. But that’s a tapering off time period, where the toughest road is going to be right after the events occurred and the weakest at the end of the 7 years. So you’ll definitely be impacted for the first two years and then experience a gradual “welcome back” to the extension of credit. What helps is to live within the bounds of your income and pay your bills and credit lines as promptly as required. Follow Ups: Re: Aftermath J. Brooks 4:40 PM, 07/16/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Going thru a foreclosure now, after filing chapter 13. Is there really life after all this and if so how long and what would help? : -=-=-=-=-=-=-=-=- : Jerry, : Well, it’s said that the scar of a foreclosure will show against your credit record for about 7 years and about the same time for a bankruptcy. : But that’s a tapering off time period, where the toughest road is going to be right after the events occurred and the weakest at the end of the 7 years. So you’ll definitely be impacted for the first two years and then experience a gradual “welcome back” to the extension of credit. : What helps is to live within the bounds of your income and pay your bills and credit lines as promptly as required. : Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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