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What if a foreclosure still remains on your credit history after seven years?

First of all, you need to get extensive credit reports from three major credit reporting bureaus, namely Experian, Equifax, and TransUnion. You can easily request your free annual reports online via AnnualCreditReport.com (this is the only trusted online source recommended by the Federal Trade Commission for free credit reports). Once you get all three reports, check the foreclosure listing on each in the ‘Public Records’ or ‘Public Information’ section. Verify then the date when the foreclosure occurred to make that the listing is more than seven years old.

Once you confirm your suspicions in all three reports, file a dispute and provide all documents proving you are right. You need to notify each bureau individually about the dispute based on section 605 of the FCRA (it prohibits foreclosure-related information to remain in consumer credit reports for more than seven years). Collect also supplementary information that proves when the foreclosure was filled since it may be the Notice of Default (NOD) in a non-judicial state (CA) or the Lis Pendens (written notice of a pending lawsuit) in judicial states (NY). Besides that, attach a copy of your credit report a letter where you explain that you want the listing to be removed. You will also need to provide your personal information, such as full name (with the suffix, middle name, initial), SSN, ID (driver’s license or passport), date of birth, current address and addresses for the past two years, any utility bill or bank or insurance statement copy with your name and address.

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