How long does bankruptcy stay on your credit report?

Question

I claimed it like 10 years ago and it is still showing up, I guess I should call and get it removed? how easy/dif. is that?

Answer 1

A Chapter 7 will stay on your report for up to 10 years.

A Chapter 13 which is discharged (completed) will stay on for up to 7 years. Both are from the date of filing.

So yes, if it is a Chapter 7 and it has been more than 10 years from filing, I would dispute it with the three major reporting agencies and ask that it be removed. Usually when you order a credit report by mail, there are is a form to dispute any incorrect information. If you access it online, you can dispute it right online. Once you dispute it, the reporting party has 30 days to respond as to the validity of the information. If they don't, the credit reporting agency takes it off your report and a new report is issued.

Answer 2

I have always heard that it shows up on credit report for seven years. Call a bankruptcy lawyer and ask. If it is indeed seven years, do not call credit bureaus you must write and request the removal. Make sure you have the date of your discharge, and all necessary information such as name, previous address if your address has changed since filing and new address, probably social security number. You can obtain the addresses for the credit bureaus online. You can find a lot of information about financial matters at www.bankrate.com. I always find the web site helpful. I would definitely have it removed from all three credit reporting agencies if it is seven years. The difference it would make it credit score would be worth the effort. Good luck...

Answer 3

Usually, they affect your credit negatively for about 7 years. The bankruptcy will remain on your credit forever, no matter what you do; however, as long as you have had positive advancements on your credit since that time 10 years ago, I would say you should be in the clear to get approved for whatever type of loan you may be looking for in the future. Coming from a banking background, as long as you are making positive changes and attempting to keep your debt to income ratio down, the bankruptcy shouldn't negatively affect your credit any longer.

Answer 4

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