It's been over 10 yrs since having to file a chapter 11 bankruptcy. Now that it is off my credt report, is there anyway for a would be creditor to find out you ever had to file?
2006-11-01 06:31:08 · 8 answers · asked by Jesse M 1 in Business & Finance ➔ Personal Finance
If a creditor has access to Pacer or any other system that you can review bankruptcy filings. Fortunately, most creditors would rely on your credit report, current income to debt ratio and what you tell them.
2006-11-04 13:18:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Sure, if that creditor is willing to search through the records at your county's courthouse!
Seriously, once if falls off of your credit report (10 years), you have nothing to worry about. It will not be taken into consideration, as long as that creditor was not included on the bankruptcy. Some small creditors (store accounts/etc.) may still have that in their records, and they could possibly still hold it against you. This is unlikely though.
You should be good to go.
2006-11-01 15:05:16 · answer #2 · answered by Anonymous · 1⤊ 0⤋
The maximum amount of time the dark cloud of bankruptcy follows you is up to 10 years. Remember, this dark cloud is only for a season in your life, not forever. Bottom line: the more time you have after your bankruptcy is discharged the more opportunities you'll have to get credit.
But lenders also need to know you've recovered. Late payments after a discharged bankruptcy are bad news. Lenders need to see an early or on-time payment history to feel comfortable with you after bankruptcy.
There is no escaping a lender who will judge us on our credit scores. This is why it is so important to increase your scores by deleting inaccurate, outdated, and unverifiable information from your credit reports. Your FICO scores are just too important to ignore. You need to make it a priority to keep your FICO credit scores as high as they can be. High credit scores are the key to unlocking opportunities that have been hidden from you.
2006-11-01 14:57:38 · answer #3 · answered by Brian H 2 · 1⤊ 0⤋
No, if it is not on your credit report, a creditor has no other way of finding out.
2006-11-01 14:56:27 · answer #4 · answered by queenbee 2 · 0⤊ 0⤋
I don't believe so pull up a free credit report to find out if it is still on there.
2006-11-01 14:34:24 · answer #5 · answered by Shauny 2 · 0⤊ 0⤋
It is public record, so it is possible if the creditor looked hard enough.
2006-11-04 02:20:03 · answer #6 · answered by Carl 7 · 0⤊ 0⤋
It may still be on there although it will show up as over 10 years old. It should not matter though because they usually go by your middle FICO score.
2006-11-01 14:33:57 · answer #7 · answered by Liberty against the NWO 3 · 0⤊ 0⤋
NOPE!!! ITS LONG GONE!!!! It takes 7years for your credit to clear....
Have you've been discharged??
2006-11-01 14:58:03 · answer #8 · answered by elena 2 · 0⤊ 0⤋