Under the Fair Credit Reporting Act negative information can be included in your credit reports for seven years.
However, there are exceptions to this rule. Bankruptcy is one of those exceptions. Bankruptcy information may be reported for 10 years. Sorry.
Once the ten years are up, there's nothing you should need to do. If for some reason a credit reporting agency keeps reporting the outdated information, click here for more information about fixing errors in your credit report.
On the other hand:Actually there is a legal way to get it removed approximately two years after filing! I did this and it works and I will be willing to prove it to any doubters!. All you have to do is file a dispute with the credit bureaus. In my case I simply said it should have been listed as Chap 13 and not Chap 7. This is the trick though, so please read on carefully. YOU MUST WAIT A MINIMUM OF TWO YEARS AND A FEW EXTRA MONTHS BEFORE DISPUTING WITH THE CREDIT BUREAUS. Why is this you ask, well the answer lies within the bankruptcy courts. All cases are active for two years after which time they go onto microfiche. When they get a dispute letter from the credit bureaus and the case is on microfiche then they don't bother to respond. The credit bureaus then must legally delete the info from your reports. The trick is to follow up with the bureaus also and make sure they delete it.More information:
If you filed Chapter 13, it should have fallen off already since those come off your report in 7 years. Many people in that situation have the credit reporting agencies do an "investigation" of their report to remove it.
If you filed Chapter 7, then you have two years to wait since those come off your report in 10 years (see Section 605(1) of the Fair Credit Reporting Act).
Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
According to Golden Financial Services, after two years a bankruptcy can be removed off a credit report.
Bankruptcy information (and other legal actions like judgments) may stay on a credit report for up to ten years after the fact. If your credit report still reflects a bankruptcy after ten years, create a dispute/update request with the associated credit reporting company and include proof that the bankruptcy is older than ten years old (the state record of the original date of bankruptcy action is typically all of the proof one needs). Negative items (including home loans that may have been forgiven) may stay on your credit report for up to seven years after the occurrence, regardless of bankruptcy status. Similar to the process above, if there is negative information on your credit report after seven years, one can request an update/modification of the credit report by providing appropriate proof.
Not necessarily. Sometimes it can take a credit bureau a few months (or even longer) to take an old record off your credit report. The best advice I can give is to request a credit report after 10 years have passed. If the bankruptcy is still listed, you can dispute the record directly with the credit bureau. You can get a free credit report at www.annualcreditreport.com or from most housing counseling agencies. You can find these agencies by looking on www.hud.gov.
You can write them or call and request that your bankruptcy be removed. They do not have to remove it, however. It is generally the amount of time that it falls off your credit or is not considered when being looked at for credit.
Sometimes yes and sometimes no. It depends on the entry. Most derogatory entries, like credit card debts and old medical bills are removed after 7 years from the date the debt first went 180 days (6 months) delinquent. If you happen to have a bankruptcy on your credit report, that can hang around for 10 years. Chapter 13's are normally removed after 7 years though. Tax liens can appear indefinitely but are usually removed after 15 years.
how to removing old bebt from credit report
35 years old
Ten years.
Bankruptcy information (and other legal actions like judgments) may stay on a credit report for up to ten years after the fact. If your credit report still reflects a bankruptcy after ten years, create a dispute/update request with the associated credit reporting company and include proof that the bankruptcy is older than ten years old (the state record of the original date of bankruptcy action is typically all of the proof one needs). Negative items (including home loans that may have been forgiven) may stay on your credit report for up to seven years after the occurrence, regardless of bankruptcy status. Similar to the process above, if there is negative information on your credit report after seven years, one can request an update/modification of the credit report by providing appropriate proof.
Yes, you can call or send a letter
Not necessarily. Sometimes it can take a credit bureau a few months (or even longer) to take an old record off your credit report. The best advice I can give is to request a credit report after 10 years have passed. If the bankruptcy is still listed, you can dispute the record directly with the credit bureau. You can get a free credit report at www.annualcreditreport.com or from most housing counseling agencies. You can find these agencies by looking on www.hud.gov.
You can write them or call and request that your bankruptcy be removed. They do not have to remove it, however. It is generally the amount of time that it falls off your credit or is not considered when being looked at for credit.
No the collection will not be removed from the credit report. They will show it paid in full.
Sometimes yes and sometimes no. It depends on the entry. Most derogatory entries, like credit card debts and old medical bills are removed after 7 years from the date the debt first went 180 days (6 months) delinquent. If you happen to have a bankruptcy on your credit report, that can hang around for 10 years. Chapter 13's are normally removed after 7 years though. Tax liens can appear indefinitely but are usually removed after 15 years.
how to removing old bebt from credit report
Yes. You can get them removed. By law (the FCRA) all ACCURATE information stays on a credit report for 7.5 years. You can challenge ANY entry if you believe it to be inaccurate.
How to get after job filing chapter 7 bankruptcy once it appears on the credit report
If they are valid debt default entries they cannot be removed from the report until the required seven years have expired.