0
When a Chapter 13 court date has been set to lift stay to foreclose on home can it show up on credit report as proceeding to foreclose started?
Wiki User
∙ 19y ago
No action should be taken until a ruling has been made by the court. CRA are notorious for bypassing correct procedures though. I doubt in this case it is something you need to worry about,considering the circumstances. If it happens, it really isn't that much more damaging to your credit. Sorry!
Wiki User
∙ 19y ago
Add your answer:
Earn +20 pts
When does chapter 13 come off credit?
Bankruptcies (both Chapter 7 and Chapter 13) remain on your credit report for 10 years.
What if you default on a home equity line of credit?
A home equity line of credit is a mortgage. If you default the lender will foreclose and take possession of the property by the foreclosure procedure used in your state.
How long does it take after a bankruptcy is discharged to show 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.
How long does a dismissed chapter 13 bankruptcy stay on your credit file?
A Chapter 13, whether it is dismissed or successfully receives discharge, is on your credit report for 7 years. A chapter 7 is on your credit report for 10 years. i called equifax and a discharged chapter 13 stays on for 7 years and a dismissed chapter 13 stays on for 10 years
Can i get credit card after filing Chapter 7?
I filed Chapter 7 last year and when I applied for a credit card this year I was denied and the reason was "bancruptcy".
What will happen to your credit if you foreclose?
It will be severely damaged for 10 years.
When does chapter 13 come off credit?
Bankruptcies (both Chapter 7 and Chapter 13) remain on your credit report for 10 years.
What if you default on a home equity line of credit?
A home equity line of credit is a mortgage. If you default the lender will foreclose and take possession of the property by the foreclosure procedure used in your state.
How is your credit affected by a chapter 13 bankruptcy verses a chapter 7 bankruptcy?
Both have the same negative impact on your credit.
How long does it take after a bankruptcy is discharged to show 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.
Does a chapter 7 bankruptcy affect your credit the same as a chapter 13?
Yes.
How long does a dismissed chapter 13 bankruptcy stay on your credit file?
A Chapter 13, whether it is dismissed or successfully receives discharge, is on your credit report for 7 years. A chapter 7 is on your credit report for 10 years. i called equifax and a discharged chapter 13 stays on for 7 years and a dismissed chapter 13 stays on for 10 years
Can i get credit card after filing Chapter 7?
I filed Chapter 7 last year and when I applied for a credit card this year I was denied and the reason was "bancruptcy".
You had foreclosure proceedings started but you sold the home and paid off the bank in full Can the foreclosure proceeding started be remove from your credit report?
If foreclosure proceedings were initiated, and that is all that is claimed on the credit report, then the bank cannot change the report. If the credit report shows that the foreclosure took place, however, the bank would have to correct that. Similarly, a credit card company won't take back any delinquent payments reporting just because the card was paid off. They are legally obligated to report accurately.
How could you improve your credit score after filing Chapter thirteen and converting to Chapter seven once the Chapter seven bankruptcy has been discharged?
On my website, I have an article on 10 tips to rebuilding your credit after bankruptch: http://www.chs-law.com/2005/05/rebuilding-credit-after-bankruptcy.html
How does full faith credit and clause affect the state?
Each state must recognize the law and legal proceeding from another state.
How long is chapter 7 on your credit?
10 years
