Shredded Cottage Cheese
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it is not from the date of declaration, it is from the judgment date (the date on your letter from the court). and the timeframe is 10 years for a BK, not 7. 7 is for payments and accounts. |
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Constance B
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Since I believe it was 2005 or 2006, they changed the law to 10 years...It will come off your credit report in 2011. |
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Fatty
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typically 10yrs.
on a side note, hang on to your paperwork. some of your creditors will continue to report things in error, and you will need it to clear all that up. I run a mortgage company and just had someone with a 14 year old BK (bankruptcy) that we had to clear up a few items before they could get a loan.
and contrary to what people are saying, it comes off of the public record section of your credit report after 10 years. lenders cant see it at that point. however, some of your creditors will still report it in error from time to time, but they can be removed by sending a copy of your paperwork to the credit agencies |
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Lusty Lush
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i think the new law says it stays for 10 years...but i'm not sure if it is applyed if you declared bankrupcy before the new law... speech to a bankrupcy lawyer. good luck |
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Nibblet
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10 years... and then you have to get the companies to remove the items from your credit report too... you will need to review the report and make sure that the debts from the bankruptcy were removed... |
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Urbanian
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Bankruptcy is expensive, isn't it! |
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kandilovr
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as long as bananas are blue |
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Josh K
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Usually 10 years but like I always tell people it varies by state and whom you are looking to get credit, loans ect from. In general after ten years it will fall off your credit report. But when going for loans, credit cards, mortages ect. there is almost always a question "Have you ever filed Bankruptcy?" This is a kiss of death for most lenders. Even if it has fallen off your credit report they can still find out. even if it has fallen off your report and you check no to this question again they can still see it and then they can refuse you for providing false information. Nothing good comes from bankruptcy this is what I tell all my clients. |
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inthepouringrain
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I heard that declaring bankruptcy can stay on your credit for up to 10 years, but I believe that all depends on how you handle your credit after you declare. If you've kept excellent credit since you declared bankruptcy then you might be ok now. You should probably just buy your credit report on-line to see, or talk to someone at your local bank. They could tell you for sure. |
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sw_brunk
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go to free credit report .com |
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ThinkinDifferently
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well, you should be in the clear... to the best of my knowledge, 7 years is all it takes to heal that old wound... wish I coulda got in on that before they changed the laws.... woulda been sweet....haha |
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Javon V
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idk |
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min77ion
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10 usually,,,,,but lenders will see this no matter how many years have passed... |
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gamerwench
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Depends on what chapter bankruptcy.
Chapter 7 stays on your credit for 7 years. If you filed in 5/01 then 7 years will 5/08, not quite 7 years yet.
Go to experian, equifax or transunion and request a copy of your credit report, they legally have to give you one for free annually. |
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ya51nm
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after 3 years of bankruptcy you can start aplying for credit, but it should stay on your file for about 5 years. contact experian for your full credit report and you should find out what it looks like |
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ღ*Pink Cat *ღ
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Sometimes 20. |
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