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How long do you have to be clear from bankruptcy before you can start rebuilding credit?
Wiki User
∙ 12y ago
You can start as soon as you receive your discharge. I would wait a few months before try to get anywhere a decent rate on anything. Make sure you have a down payment for whatever you are trying to buy.
Wiki User
∙ 12y ago
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Would filing chapter 7 bankruptcy clear foreclosure from your credit report?
No, in fact it will leave a Bankruptcy record on your credit report for 10 years.
Is chapter 7 bankruptcy clear 10 years from court announcement or hearing date?
Chapter 7 Bankruptcy will be removed from a credit report 10 years after the date the Bankruptcy was FILED.
How long does someone have to wait before they can get a loan on their own after a bankruptcy is discharged?
This depends on the type of loan you are referring to and the lender. Mortgage lenders typically want a person to have 12 months clear credit history after a bankruptcy has been Discharged (not filed). Automobile and credit card lenders like the same, but there may be exceptions. The best thing is to ask, without allowing your credit to be pulled. The only thing I would add to the other posting is..Beware of predatory lenders. The type who have ads that read "bankruptcy, bad credit, no problem", or something of that nature. IMO, they are loan sharks, and you need to be extremely cautious.
What can you do to help clean up debts on your credit report?
Besides paying your debts off or filing bankruptcy if you are unable to pay off these debts there is nothing you can really do to clear them from your credit report. Most debts stay on your credit report for seven years.
Who is eligible for a Chevron Texaco credit card?
People whose credit history is clear of bankruptcy, who have not been denied by GE Capital Retail bank within the last six months, and are above 18 years old are eligible for a Chevron Texaco credit card.
Would filing chapter 7 bankruptcy clear foreclosure from your credit report?
No, in fact it will leave a Bankruptcy record on your credit report for 10 years.
If you are an authorized user on your parents credit card and they claim bankruptcy how will that affect your credit?
It will not affect your credit at all. Their credit information was used to secure the card. You are in the clear.
Is chapter 7 bankruptcy clear 10 years from court announcement or hearing date?
Chapter 7 Bankruptcy will be removed from a credit report 10 years after the date the Bankruptcy was FILED.
What effect will a five year old bankruptcy have on getting a job that requires a background check?
It all depends on the employer, usually after seven years a bankruptcy is clear from your record, even though someone has a bankruptcy in their record they can try to get credit to begin to improve their credit.
How long does It take to clear bankruptcy?
Bankruptcy is never really cleared. Companies usually stop considering it as an issue for credit, after seven years. It still remains in many consumer reports.
What has the author Richard C Applewhite written?
Richard C. Applewhite has written: 'Clear your credit & get out of debt' -- subject(s): Bankruptcy, Collection agencies, Credit, Debt, Personal Finance
How long does someone have to wait before they can get a loan on their own after a bankruptcy is discharged?
This depends on the type of loan you are referring to and the lender. Mortgage lenders typically want a person to have 12 months clear credit history after a bankruptcy has been Discharged (not filed). Automobile and credit card lenders like the same, but there may be exceptions. The best thing is to ask, without allowing your credit to be pulled. The only thing I would add to the other posting is..Beware of predatory lenders. The type who have ads that read "bankruptcy, bad credit, no problem", or something of that nature. IMO, they are loan sharks, and you need to be extremely cautious.
Are tax debt settlements held against you like a bankruptcy is?
While it does impact you while it is ongoing, as soon as you start to clear your debt settlements, your credit score will start to go back up. There is not a delay of years like there is for bankruptcy.
10k credit cards debtand fill out for bankruptcy you will be clean again or not?
Possibly ... but it's going to take many years ... possibly between 7 and 15 years to clear all the debt from your credit history.
What can you do to help clean up debts on your credit report?
Besides paying your debts off or filing bankruptcy if you are unable to pay off these debts there is nothing you can really do to clear them from your credit report. Most debts stay on your credit report for seven years.
Who is eligible for a Chevron Texaco credit card?
People whose credit history is clear of bankruptcy, who have not been denied by GE Capital Retail bank within the last six months, and are above 18 years old are eligible for a Chevron Texaco credit card.
How do you clear your name after bankruptcy?
You don't need to "clear your name" after Bankruptcy, the stigma isn't what it used to be. There's a common myth that once declared bankrupt you will be added to a "blacklist". There is no such blacklist. Under British law you will most likely be "clear" of you bankruptcy after 4 years, after which time you are allowed to apply for credit (if you want to), a good way to start is with a credit card with a low-limit. Use this card every month and clear the debt every pay-day, after a few months of this apply for another and then a few months later another. Make sure you pay them off. Keep this up for a maximum of 3 cards and for 1 year. This will improve your credit rating and you will probably be eligable for a loan, mortgage, etc. Be careful with your money though! Good luck, Moog.
