Weird things about the name Kevin: Your name in reverse order is Nivek. A random rearrangement of the letters in your name (anagram) will give Ievnk. How do you pronounce that? How many people have the last name Kevin? In 2010, the U.S. Census Bureau surveyed 352 people with the last name Kevin.
Usually, a foreclosure requires five to seven years before the borrower is eligible for another mortgage. The short sale will stay on your credit for up to seven years and can affect the ability to open credit cards and other loan accounts. If you decide a short sale will be right for you, and your lender agrees to it, then you will see an immediate drop in your score once the lender reports it the credit bureaus.
It does depend on the type of negative information but here is a breakdown of how long different types of negative information will remain on your credit report: 1  Late Payments: 7 years. 2  Bankruptcy: 7 years for completed Chapter 13 bankruptcy and 10 years for Chapter 7 bankruptcy.3  Foreclosures: 7 years. The length of time a negative mark can stay on your credit report starts from the time you were late or the late payment went into collection, not from the last time you made a payment on the account.