A Foreclosure is a very serious item to have on your credit report. You don't need anyone to tell you that it will be difficult - if not impossible - to get approved for new credit.

You may be feeling desperate now that you are facing the consequences of having a foreclosure on your credit report. Don't panic! You CAN legally remove a foreclosure from your credit reports.

The Bad News About Having a Foreclosure on Your Credit Report

A foreclosure will stay on your credit reports for 7-10 years. It almost always keeps you from being approved for any line of credit. The impact of a foreclosure on your credit score is that it will drop 100-400 points. A foreclosure on your credit is similar to being blacklisted by banks and mortgage lenders.

Realize you are not alone, there are many individuals that have foreclosures on the credit too. This does not mean you are an unworthy individual, all it does mean is that circumstances beyond your control occurred. (Now you just need to get back on the road to improve your credit.)

How to Remove a Foreclosure

If you're in a hurry to remove the foreclosure from your credit reports, you may want to invest in Lexington Law's foreclosure removal program. They deleted 2,567 foreclosures from their client's credit reports in 2009 - and are on pace for even more foreclosure deletions in 2010.

If you want to try do-it-yourself credit repair, then read on for a few pointers. The only danger with self-help credit repair and foreclosures is the danger of being red-flagged by the credit bureaus. Once you are red-flagged, it makes removing a foreclosure much more difficult and costly.

Foreclosure Removal for Do-it-Yourselfers

The first step is to dispute the foreclosure listing with the credit bureau. This is done through the dispute process, where you dispute then foreclosure directly with the credit bureau. A foreclosure was likely placed on your report with all three bureaus - Experian, Equifax, and Transunion.

A "valid" dispute letter must be sent to the credit bureaus. In this letter you must explain why the foreclosure is incorrect and should be removed. Examples of reasons include; information is wrong, item is out of date, not my account, account paid in full and etc.

The credit bureau should conduct an investigation into the bad credit listing. They will contact the lender and verify the debt and it's accuracy. If the listing can not be verified then it must be removed from your credit report. (That is your best case scenario!)

If you lending institution was hit hard or went under during the housing crisis you have a very good chance of having the foreclosure removed from your credit.

If the bureaus verified the foreclosure, then your options are immediately limited. I suggest investing in a credit repair service. They have more advanced techniques to use against listings like foreclosures. When I hired Lexington Law Firm to fix my credit, they used debt validation, creditor direct interventions, and escalated dispute information requests to remove my stubborn bad credit listings.

Also, with credit lawyers on your side you can benefit from the recent court cases involving foreclosures. For example, you may have heard about the recent cases where the court nullified a foreclosure because the bank was sloppy with its paperwork. With the number of people experiencing foreclosures skyrocketing we expect even more evolving credit laws and new case precedents.

"HOW I DELETED CHARGE OFFS, COLLECTIONS, AND LATE PAYMENTS & RAISED MY CREDIT SCORE 177 POINTS!"

Learn How I Improved my credit score from 530 to 707 by deleting stubborn charge offs, collection agencies, and late payments from my credit reports -

"I went through some hard financial times a little while back. I lost my job and as a result I struggled to pay my car payment and credit card bills.

I was devastated.

I tried working with my creditors, but they made it almost impossible. Many of the credit card accounts were reported as "charge offs" to the credit bureaus without my knowledge.

To make matters, worse collection agencies got involved. They began checking my credit without my consent, which I was told hurt my credit score. There were also duplicate entries for the same accounts.

I wanted to start over, clear up the bad credit, and raise my credit score. I decided to hire professional credit repair attorneys. After reviewing many options, I chose the Lexington Law Firm.

They started the credit repair process almost immediately and cleared up four negative credit items after only 30 days! They even deleted things that I had totally given up on. I monitored my score each month and saw that my score was steadily improving.

Below is a chart demonstrating the progress I made:

I enjoyed receiving Deletion Letters in the mail each time they removed an item.
Here are some of the Deletion Letters:

$7,411 Discover Charge Off | $1108 Credit Card Collection | 90-Day Late Payment - DELETED!

$1,114 Collection Agency & $606 Collection Item - DELETED

$2,289 VISA Credit Card Charge-Off Deleted | 90-Day Late Payment - DELETED!

Lexington Law's Credit Attorneys cleared up other negative items including a medical collection item, charge offs, and a judgment.

My Credit Score is now 707 (which is above the national average). It continues to improve every month. I actually look forward to checking my credit score.

Here is a copy of my Credit Score:

My Current Credit Score - 707!

I recommend the Lexington Law Firm to anyone who is shouldering the stress and frustration of bad credit. Lexington Law has experiencing deleting all types of negative credit items including judgments, foreclosure, and more.

The results really do speak for themselves. Lexington Law has helped many people repair their credit reports. In fact, according to the Lexington Law Website, they deleted more than 600,000 negative credit items including collections, foreclosure, late payments, charge offs, repossession, and bankruptcy!

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