Legal Question in Bankruptcy in California

Both items stay on your credit report for 7 years from the date of the action. The issue actually is how much will it impact your credit report. In most cases, a short-sale will have a lesser impact, but that is not always going to be the case. Nobody can really tell you up front how much your credit will decrease as a result of either action. Contact a credit expert - often times loan officers know as much about how these things affect your credit as anyone.

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