How long does a chapter 7 bankrupcty remain on a credit file once it has been discharged?

Answer 1

It can remain on your credit report until someone decides to get it off. To remedy, you write to the credit reporting agency and explain that it was discharged by payment in full in a Chapter 13 more than seven years prior and ask them to get it off your report. They have to validate the debt at this point. It may take a couple of letters, etc. but eventually they will remove it. It isn't automatically removed. I am concerned because of the harrasment. They call me daily??

Answer 2

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. IT IS COMMONLY SAID THAT BK REMAINS ON A CREDIT REPORT FOR 10 YEARS. WHILE IN SIMPLE TERMS THAT IS ESSENTIALLY TRUE, the below hopefully explains it better. 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. (Many lenders don't really care much about a BK from say over 7 years at all, especially if those 7 years have pristine credit... but credit lates/etc. AFTER a BK can be even more detrimental). 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.

Answer 3

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.

Answer 4

I disagree with the earlier comment. As documented in many places, the date of FILING is what matters. It will stay on your credit report for 7 years from the filing date

Answer 5

Your credit report? For at least 10 years. However, as a matter of public court record, it is available many ways for much longer.

Answer 6

10 years from discharge.