10 years by federal law.
The credit accounts will appear in the credit portion of your report for seven years from their date of last activity. The legal item will appear in the public record portion for 10 years from the date of its' discharge.
Significantly, but most important of all will be what have you done to make sure you have paid your credit cards on time and how have you rebuilt good credit since you last file Chapter 7.
A bankruptcy filing can remain on your credit report for up to ten years after your discharge. The good news is that you can work on rebuilding your credit and in approx. 3 years you may qualify for a major loan if you've paid all bills on time since the bankruptcy, have consistent employment, etc. Make sure incorrect information stays out of your credit file. You can request a copy from one or more of the credit reporting agencies . You will need to provide your name, address, SS#, DOB, employer and addresses from the last two years. Please see related links to request a free annual copy of your credit report.
There are only way to repair bad credit due to a mortgage loan is time. All debt information related to late payments and Chapter 13 bankruptcy come off a credit report after 7 years. Chapter 7 bankruptcy (total liquidation) remains for 10 years. Not that some items associated with defaulted mortgages, such as tax liens, last forever until paid and even after paid may remain for 7+ years.
Try searching your credit report for info. Last resort would be to go to Lawyer that filed your bankruptcy.
The credit accounts will appear in the credit portion of your report for seven years from their date of last activity. The legal item will appear in the public record portion for 10 years from the date of its' discharge.
Significantly, but most important of all will be what have you done to make sure you have paid your credit cards on time and how have you rebuilt good credit since you last file Chapter 7.
A bankruptcy filing can remain on your credit report for up to ten years after your discharge. The good news is that you can work on rebuilding your credit and in approx. 3 years you may qualify for a major loan if you've paid all bills on time since the bankruptcy, have consistent employment, etc. Make sure incorrect information stays out of your credit file. You can request a copy from one or more of the credit reporting agencies . You will need to provide your name, address, SS#, DOB, employer and addresses from the last two years. Please see related links to request a free annual copy of your credit report.
If you have to file bankruptcy, your credit has already been seriously damaged by your credit history. Any form of bankruptcy will help. Chapter 7 will help the quickest, since everything happens, if filed properly, within 6 months. Chapter 13s can last up to 5 years, and most fail before the plan is completed.
For your credit report, discharge date is normally used...although it is, as a matter of federal court, on your record for much longer and availbale if any credit report user asks for a report for a longer time . And yes your federal record will stay with you for the rest of your life.
There are only way to repair bad credit due to a mortgage loan is time. All debt information related to late payments and Chapter 13 bankruptcy come off a credit report after 7 years. Chapter 7 bankruptcy (total liquidation) remains for 10 years. Not that some items associated with defaulted mortgages, such as tax liens, last forever until paid and even after paid may remain for 7+ years.
Try searching your credit report for info. Last resort would be to go to Lawyer that filed your bankruptcy.
You can file bankruptcy again 7 years after the last time you filed.
You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.
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