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Are creditors required to remove debts from credit reports if filed under bankruptcy 7?
E409021902
Assuming that you properly listed the debt in your bankruptcy, the creditor should report the balance owed as zero and it should also correct your credit report to show that the debt was discharged in bankruptcy. You should send a certified, return receipt letter (keep a copy) to the credit card company and enclose a copy of your discharge. Demand that they correct this entry on your credit report. If they fail to do so, contact a local bankruptcy attorney for further assistance. Failing to correct a credit report can be a violation of the discharge order and the bankruptcy court could order the creditor to pay you damages if they fail to correct the error. You should also write a dispute to the three credit reporters: Experian, TransUnion and Equifax, and have them insert it in your report, i.e. "This debt was discharged in bankruptcy on _____ (date)."
Wiki User
∙ 17y ago
Wiki User
∙ 16y agoIn California it depends on which Chapter you filed under. 10 yrs on your credit report is the max time.
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Do creditors list a charge-off on credit reports as of the bankruptcy filing date or as of the discharge date?
Creditors list the charge off date as the date the bankrupcty was filed
When filing bankruptcy what do you do with creditors that 'drop off' your credit reports before you file?
Your credit report is irrelvent. Certainly many debts are not on one. If you owe the debt, report it.
How do you get addresses for credit cards for bankruptcy?
Get a copy of all three credit reports. The addresses and/or phone numbers of all your creditors should be listed on the report. You should also include the addresses listed on your statements so that in case your credit report has an error your creditor will still get notice of your bankruptcy.
When you file chapter 7 bankruptcy do they check your credit reports?
yes, it will remain on your credit reports for 7 years
If you get married how will your credit reports and bankruptcy affect your future spouse's perfect credit?
Your credit follows you individually. If you have joint accounts then they appear on both of your credit reports.
Can you leave out credit card debts when filing bankruptcy?
no, all creditors must be listed.
How do you get bankruptcy off your credit report?
A bankruptcy will remain on a credit report for the required ten years, it cannot be removed arbitrarily.
What can you do if you have a dimissed Chap 7 bankruptcy from 4 yrs ago and creditors are reporting that you are in bankruptcy and you have disputed this and most won't remove the incorrect status?
The entry on the credit report is not incorrect, a dismissed bankruptcy remains on the CR for seven years from the date of the dismissal. Valid information cannot be expunged from a credit report until the required time limit has expired.
When a creditor is paid-off through a Chapter 13 Bankruptcy is the creditors information automatically removed from your credit history?
No. Sometimes it will be reported as "Included in Bankruptcy"
What does an attorney dealing with creditors' and debtors' rights do?
Attorneys deal with consumer credit regulation, including attachments, garnishments, assignments for the benefit of creditors, judgments, and bankruptcy.
How many years is bankruptcy?
In the US, a bankruptcy will remain on your credit history for seven years, minimum. Creditors may seek to re-add the BK information on your credit report, even after the seven years.
Do banks pull credit reports for guarantors?
Yes, it is required by the Feds that banks pull credit reports on applicants.
