Can an acct. be erased from your credit report after 7 years even if that acct. is included in bankruptcy?

Answer 1

credit report accounts that are durogatory last 7 years before they are removed, but bankruptcies last 10. you would have to wait 3 more years.

Answer 2

Bankruptcy just stops creditors from taking legal action to get their money from you after it has been discharged. You still can, if you so desire to pay any and all accounts that you listed on the bankruptcy. After 7 years the credit reporting agencies are supposed to remove it anyway. SO, you probably will have to write letter to the big three credit reporting agencys and have them remove the "black marks" from your credit. Even though they are supposed to automatically do it, they don't have the resources to check and remove everybodys. Plus, with the annual credit report system you should check your report every year to check for inaccurate items that may be the result of identity theft. You can get examples of letters to send to the credit agencies from just about any credit repair agency or online.

Answer 3

Although the creditor will need to change your report to say that it was included in the bankruptcy, there is no law that says the credit bureaus must remove the entry before the expiration of 7 years.