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Rebuilding your credit could take over 7 years


Your credit score affects the home buying process. If you have bad credit score you will need to start now to rebuild your credit. It takes time to rebuild your credit. It could take between 7 and 10 years. You will need to to pay down the debts and re-establish a good payment history. Here is an idea of how long it may take to clear negatives off your credit report:


  1. Late payments take around 7 years to be removed

  2. Collection take around 7 years to be removed

  3. Chapter 7 bankruptcy takes around 10 years to be removed

  4. Chapter 13 bankruptcy takes around 7 years to be removed

  5. Civil court judgments takes around 7 years to be removed

  6. Paid tax liens takes around 7 years to be removed

  7. Unpaid tax liens takes around 10 years to be removed

Your mortgage lender may have some helpful ideas on how to put your credit in check. If you have questions on where to start on your process to home ownership please, Don’t hesitate to Contact Me!