The law states that credit reporting agencies may not report a bankruptcy case on a person’s credit report after ten years from the date the bankruptcy case is filed. This may vary depending on the chapter and disposition of the case; however, as these are not Federal Rules or Code governing bankruptcy cases, this is all the information we. Credit reports after bankruptcy. A bankruptcy discharge will not erase discharged creditors or your pre bankruptcy payment history. Accurate history can still be reported. But, and most importantly, after a bankruptcy discharge, the amount outstanding for each discharged account should be shown as zero. Jul 31, · The bankruptcy public record is deleted from the credit report either seven years or 10 years from the filing date of the bankruptcy, depending on the chapter you filed. Chapter 13 bankruptcy is deleted seven years from the filing date because it requires at least a .
You can use www. Do this no less than 90 days from your date of discharge, but no more than days from the date of discharge. Free guidance is available on how to do this. Once your debt is discharged in bankruptcy, your debtor-creditor relationship with Big Bad Bank and whomever else is over! But they do it! They just forget to stop. They forget to turn off the credit score pulling robot.
This one is particularly common following Chapter 13 bankruptcy. When your Chapter 13 is done and discharged, you do NOT owe that money. BUT, those creditors will often report to the credit bureaus that you do. Individual accounts included in both Chapter 7 and Chapter 13 bankruptcy can remain on the credit report for seven years. Usually, a person declaring bankruptcy already is having serious difficulty paying their debts.
Accounts are often seriously delinquent before the bankruptcy. 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 you haven't already, I encourage you to get a current copy of your credit report.
You can order your free report from each of the three credit reporting companies once every 12 months. You can also request your free credit report from Experian at any time. You might find the information regarding your bankruptcy is already gone.
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