How Many Americans Have Gone Through Foreclosure?

Mortgages

How Many Americans Have Gone Through Foreclosure?

How Many Americans Have Gone Through Foreclosure?

During the Great Recession, many Americans lost their homes due to foreclosure. In fact, according to real estate data company RealtyTrac, there were 6,324,545 completed foreclosures from January 2006 to April 2016. “It is a big number,” Daren Blomquist, Senior Vice President of RealtyTrac said in an email. “Normal would be around 250,000 bank repossessions per year.... Read More

Is My Foreclosure Still Hurting My Credit?

Mortgages

Is My Foreclosure Still Hurting My Credit?

Is My Foreclosure Still Hurting My Credit?

You’ve worked hard to put your foreclosure behind you. Your monetary issues leading to the loss are in the past and you’re ready to move on, both figuratively and literally. There’s just one small thing potentially holding back: your credit score. But exactly how long do you have to worry about a foreclosure harming your... Read More

Is Buying a Fixer-Upper Worth It?

Mortgages

Is Buying a Fixer-Upper Worth It?

Is Buying a Fixer-Upper Worth It?

These days, true fixer-uppers are few and far between. A more exuberant housing market has severely depleted the post-recession inventory of foreclosures and distressed homes. Still, there’s a chance you’ll stumble upon a property whose appearance is not quite as dreamy as its price tag. Here are some things to consider if the affordable home... Read More

What Will Leave a Black Mark on My Credit Report?

Credit Score

What Will Leave a Black Mark on My Credit Report?

What Will Leave a Black Mark on My Credit Report?

When you’re looking to apply for a loan, lenders place a major emphasis on your credit report. Your credit history includes your amount of debt and payment history, as well as other factors, and lenders look to your past credit behavior to see whether you’ll be a good credit risk going forward. There are some... Read More

Can I Walk Away From My House After Bankruptcy?

Managing Debt

Can I Walk Away From My House After Bankruptcy?

Can I Walk Away From My House After Bankruptcy?

Bankruptcy and foreclosure can each have serious negative consequences for your credit scores. But what if you experience one and then the other? Is it a double-whammy? Our reader Brent went through bankruptcy nearly seven years ago, and did not reaffirm his mortgage. But he continued to make his mortgage payments, and is still living... Read More

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The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

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Credit.com is owned by Progrexion Holdings Inc. which is the owner and administrator of a number of business related to credit and credit repair, including CreditRepair.com, and eFolks. In addition, Progrexion also provides services to Lexington Law Firm as a third party provider. Despite being owned by Progrexion, it is not the role of the Credit.com editorial team to advocate the use of the company’s other services. In articles, reporters may mention credit repair as an option, for example, but we’ll also be sure to note the various alternatives to that service. Furthermore, you may see ads for credit repair services on Credit.com, but the editorial team isn’t responsible for the creation or implementation of those ads, anymore than reporters for the New York Times or Washington Post are responsible for the ads on their sites.

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- The Credit.com Editorial Team