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According to the Fair Credit Reporting Act (FCRA), a home foreclosure can stay on your credit report for up to seven years. The clock starts when the bank files the notice with the court. Soon after this, the event will be reported to all three of the credit-reporting bureaus -- TransUnion, Equifax and Experian.
Even with a foreclosure on your credit report for seven years, its impact on your FICO score - the most widely used credit scoring system - will lessen over time during those first seven years, according to the Fair Isaac Corp, developer of the FICO system.