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If you file bankruptcy after a foreclosure does it delete it from your credit report?
Wiki User
∙ 16y ago
No, just adds to it.
The credit report is just reflecting historical information....your actions after the fact don't change the past.
Wiki User
∙ 16y ago
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Can filing for bankruptcy remove a foreclosure from your credit report?
No, if property has been foreclosed upon the notation will remain on the credit report for the required amount of time of seven years from date of foreclosure. A bankruptcy remains on the credit report for ten years.
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.
How can you delete bankruptcy from credit report?
It is unlikely that you can. Bankruptcy is handled in federal court.
Will foreclosure hit credit report after it was discharged at chapter 7 bankruptcy?
Yes, it will show as included in bankruptcy and also foreclosure. You get a double whammy. Sorry probably not what you wanted to hear.
How long does a foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
Is there still a past due amount on your credit report after foreclosure?
The foreclosure will be on your credit report indefinitely.
How can you get a bankruptcy deleted?
A bankruptcy can only be deleted by disputing it to the credit bureaus. Under the Fair Credit Reporting Act, the credit bureaus have 30 days to verify the listing or it must removed from your credit report. This will delete it from your court records only your credit report.
If you just divorced and already have foreclosures and repossessions on your credit report will filing bankruptcy help your credit score?
No, filing bankruptcy will never help improve your credit score, it stays on your report 10 years whereas a repo or foreclosure normally remain 7 years. So bankruptcy would only make your credit worse.
How long does foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
If you file bankruptcy will that remove a charge off report from a credit card?
Filing bankruptcy does not remove a charge off report from a credit card on your credit report. It just adds bankruptcy to your credit report.
How does surrendering your house in chapter 7 affect your credit report?
If you are surrendering your house anyways, it is usually better for your credit score if you do it through bankruptcy. If your house is foreclosed on before you file bankruptcy, then your credit score is hit by both the foreclosure and the bankruptcy. If you let your house go back through bankruptcy, instead, then your credit score is only hit by a bankruptcy.
Can foreclosure and bankruptcy be taken off your credit report if you didn't have to go through with the foreclosure and bankruptcy?
Once it is reported to the credit reporting agencies, it is very tough to have it removed. However, you can get them to mark it "satisfied" by providing documentation of such along with a letter of explanation. Keep copies of all correspondence with the agencies.
