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Consumer Credit Protection Act: Congress passed these laws to protect you — the FCRA, FDCPA, CROA, ECOA and TILA are all part of it.
FCRA § 611: You have the right to dispute inaccurate or incomplete information, and the credit bureau generally must investigate within 30 days — free of charge.
FCRA § 605: Most negative information must come off your report after 7 years. Most bankruptcies: 10 years.
FCRA § 605B: Identity theft victims can have fraudulent accounts blocked from their credit reports.
FCRA § 612: You are entitled to free copies of your credit reports at AnnualCreditReport.com.
FCRA § 615: If you are denied credit because of your report, you must be told and told which bureau was used.
FDCPA § 809: Dispute a debt in writing within 30 days and the collector must stop collecting until it verifies the debt.
FDCPA § 805: You can tell a debt collector in writing to stop contacting you.
FDCPA § 806–807: Debt collectors may not harass you, threaten you or lie to you.
CROA § 404: No credit repair company may charge you before its services are fully performed.
CROA § 407: You have 3 business days to cancel a credit repair contract without penalty.
ECOA: Creditors may not discriminate against you for race, color, religion, national origin, sex, marital status, age, or receiving public assistance.
TILA: Lenders must clearly disclose the true cost of credit — including the APR — before you sign.
SCRA: Active-duty servicemembers can cap interest at 6% on many debts taken on before service.

Consumer Credit Protection Act: Congress passed these laws to protect you — the FCRA, FDCPA, CROA, ECOA and TILA are all part of it.
FCRA § 611: You have the right to dispute inaccurate or incomplete information, and the credit bureau generally must investigate within 30 days — free of charge.
FCRA § 605: Most negative information must come off your report after 7 years. Most bankruptcies: 10 years.
FCRA § 605B: Identity theft victims can have fraudulent accounts blocked from their credit reports.
FCRA § 612: You are entitled to free copies of your credit reports at AnnualCreditReport.com.
FCRA § 615: If you are denied credit because of your report, you must be told and told which bureau was used.
FDCPA § 809: Dispute a debt in writing within 30 days and the collector must stop collecting until it verifies the debt.
FDCPA § 805: You can tell a debt collector in writing to stop contacting you.
FDCPA § 806–807: Debt collectors may not harass you, threaten you or lie to you.
CROA § 404: No credit repair company may charge you before its services are fully performed.
CROA § 407: You have 3 business days to cancel a credit repair contract without penalty.
ECOA: Creditors may not discriminate against you for race, color, religion, national origin, sex, marital status, age, or receiving public assistance.
TILA: Lenders must clearly disclose the true cost of credit — including the APR — before you sign.
SCRA: Active-duty servicemembers can cap interest at 6% on many debts taken on before service.

Credit problems

Foreclosure on Your Credit Report

Losing a home is one of the hardest things a family can face. The law gives you real tools — both to challenge servicer errors and to fix inaccurate reporting afterward.

By Richie Barrett · Published September 26, 2026

How foreclosure is reported

A foreclosure is generally reported for 7 years (FCRA § 605), along with the late payments leading up to it. Short sales and deeds-in-lieu of foreclosure are also reported, typically as settled or transferred, and can still affect your score.

Your servicer’s duties under RESPA

The Real Estate Settlement Procedures Act (RESPA) and the CFPB’s Regulation X require mortgage servicers to:

Respond to a written notice of error — generally acknowledging it within 5 business days and correcting the error or explaining why there isn’t one within 30 business days (12 C.F.R. § 1024.35)
Respond to written requests for information about your loan (12 C.F.R. § 1024.36)
Follow loss-mitigation rules, including evaluating a complete application received in time and limits on moving forward with foreclosure while an application is pending (12 C.F.R. § 1024.41)

After a servicer receives a qualified written request or notice of error about a payment, it generally may not report adverse information about that payment to the bureaus for 60 days (RESPA § 6(e)(3)).

Foreclosure reporting errors

A balance still showing after the home was sold, with no credit for the sale
Late payments reported after the foreclosure was completed
Payments made under a trial modification reported as late
A deficiency reported in a state or situation where one isn’t allowed
The mortgage reported by both the old and new servicer with balances

What you can do

Send a written notice of error or request for information to the servicer’s designated address. Dispute inaccurate tradeline details with the bureaus and the servicer. If you’re still in the process, contact a HUD-approved housing counselor right away — it’s free.

Sources: RESPA, 12 U.S.C. § 2605; Regulation X, 12 C.F.R. §§ 1024.35, 1024.36, 1024.41; Fair Credit Reporting Act, 15 U.S.C. §§ 1681c, 1681i, 1681s-2.

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Common questions

Can I buy a home again after foreclosure?

Yes. Waiting periods vary by loan program. Rebuilding strong payment history in the meantime makes a real difference.

Is a short sale better than a foreclosure?

Both are negative, but some loan programs treat them differently. Get advice specific to your situation before choosing.

Know where to go — the credit bureaus and the agencies that protect you

Links go to each organization’s official website. Kaironeek Financial is not affiliated with or endorsed by any of them.