Debt and Bankruptcy
Credit Reports
Credit

What if your past bankruptcy is no longer on your credit report and a car loan application ask if you have ever filed bankruptcy?

123

Top Answer
User Avatar
Wiki User
Answered
2011-01-25 16:14:04
2011-01-25 16:14:04

Your bankruptcy remains in the court's index forever. Lenders have access to special non-public databases which they use when a person applies for a loan. Your name will come up in the bankruptcy index. If the lender finds you lied on the application your application will be denied. It would be better to be truthful when you answer that question.

001
๐ŸŽƒ
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Related Questions


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.


Bankruptcy lowers your credit report.


Yes, however, bankruptcy can remain on the report longer.


It should be removed from the credit report in 2009. A bankruptcy remains on a credit report for ten years from date of discharge.


What needs to be done to get bankruptcy off credit repot


No, the information remains on your credit report.


The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.



Bankruptcy would be more credit damaging than just having large credit card debt, mainly because it stays on your credit report for longer. One of the biggest disadvantages of filing for bankruptcy is the lasting effect it has on your credit report- typically staying on your report for 7-10 years. With credit card debt there are more flexible options and obviously when you pay the debt and does not stay on your report for as long.


A business bankruptcy is visible on a business credit report for approximately 10 years.


Debts included in the bankruptcy should be noted as such in the credit report. The bankruptcy will remain on the credit report for ten years.


Chapter 7 will stay on your credit report for 10 years from the date bankruptcy was filed. Chapter 13 typically stays on your credit report for 7 years from the date the bankruptcy was filed, however, can remain on your credit report for 10 years.


Yes you can remove a bankruptcy from your credit report. You must dispute it to the credit bureaus using the Fair Credit Reporting Act. The credit bureaus have 30 days to verify the listing or it must be removed from your credit report. A bankruptcy should only be disputed if it is erroneous or inaccurate.


No, it cannot be removed but the information can be amended to read correctly. A bankruptcy discharge remains on a credit report 10 years from the date of discharge.


Bankruptcy. Defaulted federal student loans.


Bankruptcy filings typically stay on a debtor's credit report for 10 years.



Yes, but only after the bankruptcy is removed from your credit report - which can take over ten years from the discharge.


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.


The only way to remove a bankruptcy from your credit report is to dispute it to the credit bureaus. The credit bureaus have 30 days under the Fair Credit Reporting Act, to verify your bankruptcy withe the court that filed it or it must be removed from your credit report.


No, in fact it will leave a Bankruptcy record on your credit report for 10 years.


It is unlikely that you can. Bankruptcy is handled in federal court.


Certainly one of the biggest downsides of filing for bankruptcy is the affect it has on your credit. Generally speaking bankruptcy stays on your credit report for 7-10 years. = ans = As you must have seen asked and answered here at least 100 different ways....BK IS ON YOUR CREDIT REPORT FOR AT LEAST 10 YEARS. It is available as a public record of a court for much longer, basically forever.


If you didn't actually declare bankruptcy, you can report the error to the credit bureaus. If you did declare bankruptcy, you'll have to wait for it to age off.


Bankruptcy can stay on your credit report for 10 years. For more information about debt and bankruptcy, it is best to consult with an attorney. They can provide a complete picture of the benefits and negatives of filing for bankruptcy.



Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.