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If you filed bankruptcy July 2000 how long will it be on your credit report?
Wiki User
∙ 16y ago
I filed at the same time & my lawyer at the time told me it would be on my credit report for 10 years. But you can get it removed in 7 years, but you have to request to have it removed. So now I am looking to have it removed & was thinking of calling a lawyer & asking them how to go about doing that. Hope this helps. I think 7 years is long enough!
Wiki User
∙ 16y ago
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How do you get a bankruptcy from 1988 removed from your credit report?
It should have come off no later than 1999/2000. First make sure that it is on your credit report in a place that a lender may see it. Some CRAs send individuals a "complete" report that may not be avail. to creditors or potential creditors. You can also contact the CRAs directly. Experian, Trans-Union and Equifax are the CRAs.
If you had a judgment filed in 3-1-2000 and it has not been paid yet if you pay it now can they leave it on your credit report for 7 more years?
Derogatory information on a credit report normally stays with the record appx. 7 years..The longer you wait to pay, the longer it sticks with you.Remember..7 years is from the last activity.
Will your credit score go up if you pay your Chapter 13 off early and if so how much of a boost can you expect to see?
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Is a voluntary car repossession or bankruptcy worse for your credit?
The most common type of bankruptcy is a Chapter 7, commonly called a 'straight bankruptcy'. You may be allowed to keep a vehicle up to a certain value and reaffirm the loan after the bankruptcy is discharged with the bank to continue payments. A repo, voluntary or not, will torpedo your credit score (by up to 150 points, at worst) and that damage will weigh heavily for at least 4-5 years before falling off completley in 7 years. Even after a repo, you are legally responsible for any balance after the bank sells the car at auction. The bank can, and often will, seek a garnishment on your wages to recover this balance. The greater the balance, the more likely they will pursue collection activity. Balances under $2000 are hardly worth the effort to sue you, but some banks do. You would still need to file Bankruptcy and declare this balance as an outstanding debt. That would wipe out your obligation to repay this amount and prohibit any further activity against you. This will be another major slam on your credit score and the Bankruptcy record will be there for 10 years. If the car debt is the only reason you would file Bankruptcy, you should hold off until you have no other alternatives. Obviously, if you are talking about repossession, the car payment is more than your budget can handle now- correct? Do you know how much is owed on the car (payoff balance) and if you could possibly sell or trade it in for close to that payoff or more? If so, you need to SELL the car let it get repo'd! If the loan balance is more than the car is worth (upside-down), then a repo may be the only recourse to get out from under that monthly payment. A VOLUNTARY SURRENDER is always a better idea than allowing the car to be picked up at random by a repo company! It saves the bank from paying the repo company to locate, retrieve, store and deilver the car to them. It also eliminates the chance of any damage during the repo process or while being stored at a repo facility. You would be held responsible for it in the condition it arrives back to the lender. If you deliver it yourself, you can snap a few photos for posterity. Clean out all your belongings, run it thru a car wash and vacuum the interior before handing over the keys. It will make you look like a very mature, responsible and respectful adult even though it will be difficult. It would be easier to just let it disappear one day and not have to face the lender and hand them the keys- probably an embarrassing thing for most of us. But so few people handle it this way that it can only cast you in the best possible light. I was told a voluntary car repo is worse, because that will be on your credit report as repo. With bankruptcy (Chapter 13) you are making payments. In terms of credit score, I can answer half of that question. I was at a bankruptcy conference in Indianapolis last year where the speaker had worked for a major credit reporting agency for 20+ years, and he said that bankruptcy normally reduces your credit score by 75 to 150 points. I don't know how much a repo reduces your credit score, but if you can find out, you know what to compare it to. The guy said the credit reporting companies are hush hush about how your credit score is determined, so no credit reporting agency will give you a clear answer to that question, but loan officers might have an idea of what the repo would do to your score based on what they've seen it do to other peoples' scores. In terms of duration, a repo is on your credit report for 7 years, whereas a Chapter 7 bankruptcy is on your credit report for 10 years. A Chapter 13 bankruptcy is on your credit report for 7 years (same as a repo). Also, I'm not sure if credit reporting agencies even distinguish between a voluntary and involuntary repo. 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. A debt consolidation lawyer once said you can dispute a bankruptcy or a repossession with the credit bureaus, they have 30 days to verify, if not it must be removed. The best time for disputing these things is around Christmas or other holiday "busy" seasons. "The employees that do verifications for the CRA's are required to do 10 verifications per hour (quota), however they are only paid approx. $7/hr." (Quote taken from a report from a lawyer's research posted at the credit info center.
Henry had charged 612 dollars to his credit card the cost of the next purchase caused him to exceed his credit limit of 2000 dollars?
2000<612+c
How long will will my bankruptcy stay on my credit report if I filed in June 2000?
Ten years from the date of filing, unless the law changes between now and then.
How long do the credit bureaus see your chapter eleven bankruptcy you filed in December of 2000?
A chapter 11? A farm? Bankruptcies are not "seen" by credit reporting bureaus, they just report them. They can see them any time by logging on to a bankruptcy court web site with their log-in info. They can only report bankruptcies up to 10 years after the filing date.
If you filed chapter 7 bankruptcy in 2000 can it be removed from your credit report in2009?
No. Ten years from discharge. The record pf the filing and is actually available longer, as a public court record, should anyone care to look.
How long does it stay on credit report if filed in march of 2000?
while it may be available for longer...as it remains a matter of public record, the standard credit report format shows these for 10 years from dismissal.
If a Chapter 13 filed in August 1999 was dismissed in March 2000 but not discharged when does the bankruptcy fall off the public record?
A Chapter 13 bankruptcy that was dismissed without being successfully discharged will typically remain on your credit report for 7 years from the date it was filed. This means it may stay on your credit report until August 2006, assuming there are no other issues that extend the reporting period.
When was the 10 year bankruptcy law signed into effect If you filed in 2000 and the law was effective in 2001 are you subject to the ten year ruling?
The new bankruptcy laws have nothing to do with the length of time a debt or bankruptcy remains on a credit report. BK info, as a matter of Federal Court records, is available almost indefinitely Virtually all credit reports from the major credit agencies will report it for 10 years from discharge, in their normal format of standard reports. As information services, a longer, or shorter time period may be requested and provided, depending on what the requester wants to pay for. (A 3 year report costs less...and provides less, but may be adequate for that person/Cos purpose). The laws for refiling Bankruptcy were changed in 2005...and that depends on types in question, and again the new law applies to all. See the Q; "How many times or when can you file bankruptcy again in any state or place"
Your personal bankruptcy was filed in 2000 can your name be added to a CD account?
If your bankruptcy was "discharged" in 2000, then yes. Discharged means it is done! If you are still in a chapter 13 bankruptcy, still paying the trustee--then no. If the trustee finds out about the CD, it will cause lot of problems.
How do you get a bankruptcy from 1988 removed from your credit report?
It should have come off no later than 1999/2000. First make sure that it is on your credit report in a place that a lender may see it. Some CRAs send individuals a "complete" report that may not be avail. to creditors or potential creditors. You can also contact the CRAs directly. Experian, Trans-Union and Equifax are the CRAs.
Can you file chapter 7 and not include your student loans in the bankruptcy since they are in deferment and also continue getting student loans while in college?
I believe that student loans are a category of debt that is not dischargable in bankruptcy. The bankruptcy will show up on any credit reports, and you may subsequently be unable to et additional loans. I filed for bankrupcy in 1998. I was able to obtain Student Loans despite the bankruptcy in 1999-2000. My past credit history was not considered when determining my student loan application.
If you had a judgment filed in 3-1-2000 and it has not been paid yet if you pay it now can they leave it on your credit report for 7 more years?
Derogatory information on a credit report normally stays with the record appx. 7 years..The longer you wait to pay, the longer it sticks with you.Remember..7 years is from the last activity.
When can you file a chapter 7 bankruptcy again if you filed a chapter 7 in 2000 under old bankruptcy laws?
chapter 7 you can file every 8 years. chapter 7 lasts 10 years starting with the new laws in 2005. since you filed before 2005 your chapter 7 stays on your credit report 7 years as opposed to 10 years.
If your car was repossessed in 2000 and you never received a letter from the company saying you owed anything how do you get it removed from your credit if you don't remember the dealership's name?
You can look up your credit report online. The lien holder would show on your credit report not the dealership. A repo stays on your credit for 7 - 10 yrs.
