Another benefit to going with an FHA loan is the higher loan limit, which is as high as $729,750. This can be a real lifesaver for those living in high-cost regions of the country (this limit has since dropped to $625,500 as of 2014).
How long it stays on your credit report: CCJs stay off your credit report if you pay your debt in full within 30 days of receiving the order.Otherwise, it will stay on your credit report for six years from the day of judgment, regardless of payment.ow long it stays on your credit report: Although a DRO typically lasts a year, it will stay on your credit report for six years from the date the arrangement starts. Defaulted debt.
How long student loan problems can affect your credit isnât always clear, because they donât all work the same way. One thing is clear: If you have private student loans, they should be treated like any other negative event, cycling off your credit report after seven years from the date of the late payment.So a negative mark on your private loan (and most federal student loans) will cease to hurt your credit after that time frame.But there is one type of federal loan â a Perkins loan â that can stay on your credit report until the loan has been paid in full, even if it is longer than seven years.This is not true for other types of student loans.ne thing is clear: If you have private student loans, they should be treated like any other negative event, cycling off your credit report after seven years from the date of the late payment.