When did chapter 7 start to stay on credit report for 10 years?

Answer 1

Yes this question has been asked and answered, in many forms, specifying which State, thousands of times here. First, it makes no difference which State your in...credit reporting is universal. Credit reports are really simply a private information service using many sources, including participating members...they simply report the historical actions of record. If you were late on a payment, and it was reported, the fact that you paid it later, or had reason, whatever, makes no difference...they report history of what happened. They do not determine your credit ability, that is determined by the lender using (hopefully accurate) information. Credit reports are purchased by someone/thing for a fee and the request is generally made for certain standard formats...for certain things for certain periods. Standard reports cost less than custom ones..but custom ones are also available if the lender/reviewer wants to see them. (They can include things like criminal records, education or employment info, if wanted...it is just whatever research and information you want to pay for getting). Generally, the shorter the term and less information requested in the reports costs less. Standardly, a credit report will include Bankrutpcy filings for the last 10 years (from discharge date). If a lender only cares about 5 years history, which costs less, then that is all they would order and all it would show. Bankruptcy, as a matter of a Federal Court records/process is a matter of public record, and available to anyone or service that cares to look for much longer than the 10 year standard.