Chapter 7 credit report wiped clean

chapter 7 credit report wiped clean

Jun 06,  · With a Chapter 7 bankruptcy, all debts are forgiven and there is no repayment plan. Chapter 7 bankruptcies are typically discharged within a few months. Although the Chapter 7 bankruptcy public record will remain on the credit report for 10 years, the account included in the bankruptcy are removed after seven years. Accounts Included in Chapter. Mar 07,  · Myth #5: All bankruptcy debts will be wiped clean from your credit report. The Truth: While bankruptcy may help you erase or pay off past debts, those accounts will not disappear from your credit report. All bankruptcy-related accounts will remain on your credit report and affect your credit score for seven to ten years, although their impact. Filing Chapter 7 gives Indiana residents the ability to get a “fresh start” or a “clean slate.” Essentially, all information – good or bad – on your credit report is “wiped clean.”.

Related videos


It says update to account information. Fortunately, I was able to keep my home and car by reaffirming them, but all my credit cards had to be included. I even called the bank, in the two cards I wanted to keel,and they said that they had to be included. Lastly, if this credit card, your speaking of, is still open I mean you use and pay on it monthly then you would need to contact the bank of the card. I only say this because if you contact the credit bureau and they correct it on your credit report, it is likely to show back up the following month, due to it being on the banks tape where they continue to report the same thing g u too they correct it in there end.

I know I have you much information on the message, but I do hope it helps to answer your question. Extra good luck and I hope the best outcome for you!!!! My husband and I need to file for bankruptcy and we need all the information we can get.

Is there a way to get it off your credit score faster? There is one trick I learned, and to be honest, as if this month February , I am waiting to see if it works. One line is for personal and it will ask for your social security number, while the other is usually business related and it ask for a FEIN number.

If you read the line carefully, it states you can use any number like an account t number. This list is to identify you. So, what acct number do you use? Well you can make it up. So the two issues here for the credit bureau is time and money. Remember, I am still waiting to see if this actually works. I am sorry I could not tell you if they will come off my credit report, today, but I can post what happens when I learn more information. I do hope this helps and also that it works lol.

Good luck with you upcoming war against the credit bureau giants! On October I filed chapter 7. Next October it will be 10 years so I was wondering is it possible or worth it to try having chapter 7 bankruptcy remove or just wait? I filed a Chapter 7 in February which will come off February …about 6 months ago I started cleaning up my credit and asked all 3 credit reporting agencies please remove some old address and phone numbers and disputed the Bankruptcy..

You can also file a complaint online at the Consumer Financial Protection Bureau online. I must have 40 complaints on all of them but have found that you also need to send Certified letters to them so they have to sign for and the day window starts ticking for their investigation. If you send regular mail it will go in the pile.

I could go on and on…but this will get you started. Hello I am trying to do the same thing. Did you dispute the bankruptcy because of the old addresses and phone numbers? If so, how did you go about doing this?

I only have until the end of this year for my bankruptcy to be removed and I am trying to buy a house. Please help me and tell me what direction to go. Thank you. Steve… What address did you use for sending certified letters to be signed , because I only can find P.

Boxes, and no one can sign for those. So, what address did you use for each company? Carrie, Unfortunately dismissed is bad if not worse to have on your report. You can delete it. You can write to the bureaus and in your own words about the reporting of it. There is alot of mis-information about freezing this and that and deleting addresses. You do not need to do. It is not easy but it can be deleted. I filed bankruptcy in August and it was discharged in March Our mortgage was NOT included in the bankruptcy however, it was last reported on my credit report in October On my credit report October it states that we are current, still paying on time but in the notes it states Chapter 7 Bankruptcy.

My bankruptcy attorney never mentioned anything about having to reaffirm the mortgage. If I do not reaffirm the mortgage the mortgage will not show up on future credit reports. In order to reaffirm the mortgage I would have to reopen the bankruptcy case. I believe that they may be violating the fcra 11U. If an attorney goes in front of a judge with a reaffirmation agreement for a mortgage the judge would probably think he is nuts.

And they were notified about ur bk. Check your contract also theres way to have them take the negative remarks off your reports. Good luck. I filed for Chapter 7 bankruptcy in August It was discharged in March I only filed on 2 credit cards that were in my name. My husband did not file for bankruptcy, only myself. Both my husband and I are on the mortgage and we were able to keep our home. My credit score only dropped about 20 points and is currently at We are thinking of selling our home and buying a new one.

Is it better to try to get unsecured credit cards or secured ones to build my credit even higher? I would like to be on the new mortgage but I think my bankruptcy will stop us from getting a low percentage rate on the new mortgage. What did the paper say? Can you help me. Talk to a lender before you list your home for sale. FHA and Conventional Loans have rules on bankruptcy. You will have to wait years depending on the loan. It has been almost 10 years this coming October.

If I try and file now to get it completely removed, will it still show during a credit search? Make them remove it anywhere its found.

I filed chapter 7 as of June 26, Yes, dispute. Sky blue credit company got mine removed from Equifax. Still trying to get it removed from experian and transunion though.

I filed bankruptcy due to severe medical conditions. Then 4 months later finding out I had double lung cancer. I have COPD, on several medications and experience ocular migraines on a regular basis, extreme pain from scar tissues, full blown osteroproseious, a torn rotator cuff and two torn meniscus.

What can I do to get that off? Please advise. I saw your story, I hope you find a resolution. Be careful. God bless and comfort you. Hi Shelly, please explain the steps you used to have this removed from your credit report?

Thank you so much. Can you tell me and everyone else that is asking, how you did it? I am trying to buy a house and this will definitely have a huge impact on my purchase. I deleted mine after about a year of my BK. It is not easy and it can be done. TIP: there is no law that the BK has to be on your report. Filed chapter 13 in and converted to chapter 7 in Is that bankruptcy eligible for discharge at this time?

If you have successfully completed the ch7 and got your form and it says discharged, then it discharged. If the credit bureaus do not reflect this, then you need to dispute the bureaus for inaccurate reporting. Go to the court and ask for your or the status of the bankruptcy.

Rich, Chap 7 is 10 years. But you converted so how does that change the time frame for discharge? But you can delete it sooner. Very informative article! Thank you for sharing all that information and clearing up a few things. Would I write the credit bureaus simply requesting they remove it?

Or do I need to comb through it for an innacuracy? If so what are some common ones I should look for that have had a good success rate? I used sky blue credit. They are a little cheaper than the rest but they do a fantastic job.

They even got bankruptcy removed from Equifax. I backed out when they charged off the debt, and the bankruptcy was dismissed. Since the bankruptcy was dismissed, can I have it removed from my credit report? It sucked! If an account was delinquent when it was included in the bankruptcy, it will be deleted seven years from its original delinquency date , which is the date the account first became late and was never again brought current.

Declaring bankruptcy does not alter the original delinquency date or extend the time the account remains on the credit report. If the account was never late prior to being included in bankruptcy, it will be removed seven years from the date the bankruptcy was filed.

You don't have to wait until your bankruptcy is removed to begin rebuilding your credit history. The good news is that as time goes by and you begin to reestablish your credit, the bankruptcy notations will begin to affect you less and less. Here are some ways to help your credit recover from bankruptcy :. Stay up-to-date with your latest credit information for free and learn what lenders might see when reviewing your credit.

Some may not see improved scores or approval odds. Not all lenders use Experian credit files, and not all lenders use scores impacted by Experian Boost. Learn more. Editorial Policy: The information contained in Ask Experian is for educational purposes only and is not legal advice. Opinions expressed here are author's alone, not those of any bank, credit card issuer or other company, and have not been reviewed, approved or otherwise endorsed by any of these entities.

All information, including rates and fees, are accurate as of the date of publication and are updated as provided by our partners. While maintained for your information, archived posts may not reflect current Experian policy. The Ask Experian team cannot respond to each question individually.

However, if your question is of interest to a wide audience of consumers, the Experian team will include it in a future post. Offer pros and cons are determined by our editorial team, based on independent research.

The banks, lenders, and credit card companies are not responsible for any content posted on this site and do not endorse or guarantee any reviews. Advertiser Disclosure: The offers that appear on this site are from third-party companies "our partners" from which Experian Consumer Services receives compensation; however, the compensation does not impact how or where the products appear on this site. The offers on the site do not represent all available financial services, companies or products.

Once you click apply you will be directed to the issuer or partner's website where you may review the terms and conditions of the offer before applying. We show a summary, not the full legal terms — and before applying you should understand the full terms of the offer as stated by the issuer or partner itself.

While Experian Consumer Services uses reasonable efforts to present the most accurate information, all offer information is presented without warranty.

All rights reserved. Experian and the Experian trademarks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc. Other product or company names mentioned herein are the property of their respective owners. Licenses and Disclosures. See what lenders might see when reviewing your credit.

Advertiser Disclosure. By Jennifer White. Dear Experian, How long does it take for a Chapter 7 bankruptcy to come off my credit report? Is it based on the filing date or the discharge date? Dear DGM, Bankruptcies are deleted from credit reports based on the filing date. Chapter 7 vs.

Chapter 13 Chapter 7 and Chapter 13 bankruptcies are the two most common types of consumer bankruptcies.

chapter 7 credit report wiped clean

0 thoughts on “Chapter 7 credit report wiped clean

Leave a Reply

Your email address will not be published. Required fields are marked *