Can't remember if my husbands was a 7 or 13, but it was 7 years ago. Asked by audreydc1983 45 months ago Similar questions: long bankruptcy credit report Business > Financial Planning.
Similar questions: long bankruptcy credit report.
Either type of Bankruptcy will be on your credit report for 10 years It does not matter what type of Bankruptcy is filed, it will remain on your credit record for TEN years. However it is not the end of your credit availability. As immediately after the bankruptcy you have the option of re-obligating any debt you wish and many people do, by re So in that manner you can start to re-build your credit.
Lately I have noticed that the stigma attached to a bankruptcy does not carry the weight it did in the past. Car dealers and credit card companies are willing to let you start over but usually at much higher interest rates. Lenders are guilty in getting borrowers in over their head just as personal responsibility plans a major role in the decision to file.
The huge foreclosure rate is a prime example of the problem that exsists in our country today and has forced many honest people to file for bankruptcy relief. Use the link below to further understand your options after a filing. Sources: debtworkout.com/credfaq.html .
Credit Reports I believe it's 7-10 years. Your credit report can show your bankruptcy filing for up to 10 years, but many credit reporting agencies will remove it after seven. This could make it harder to rent an apartment or to obtain a credit card at a favorable rate of interest.It might make it very difficult to obtain a home mortgage loan or insurance.
"Wiping the slate clean" through bankruptcy also puts all future lenders on notice that you have had difficulty repaying your debts; creditors are more likely to either refuse to extend credit, or to make you pay (through higher interest rates, for example) for the additional risk they are taking in extending you credit. However, even with a bankruptcy on your credit report, many lenders will do business with you and extend you new credit. This is because the discharge obtained in bankruptcy leaves all future earnings free from the claims of past creditors.
After the discharge, you are entitled under federal law to have the balance of each discharged debt reported as "O". The history of delinquencies can be reported, but the balance must be zero. If it is not so reported, dispute the debt.
Don't forget to get you free annual credit report. You should get one in Jan one in May and one around Sept for each branch. That way you can keep an eye on it throughout the year-and it's only one every year's time so you don't have to pay for it.
Copies of a credit report can be obtained from one of the following sources: (1) Experian (formerly TRW), experian.com; (2) Equifax, equifax.com; (3) Trans Union, http://tuc.com. The reports contain loans and credit card accounts, balances and payment history, bankruptcies and URL5 many cases, you’ll be entitled to a free copy of your report so long as you don’t ask for extra-cost “products” like a credit score or automatic update reports. Good Luck I know how stressful money situations are.
You will have to wait at least 10 years It takes at least 10 full years before that is taken off your credit history Sources: experience .
" "Getting credit report from Equifax or transunion. " "Do you agree? Why/Why not?
Credit is financial quicksand for most Americans. " "after 7 years of filing for bankruptcy how do I officially clear it from my credit?" "credit cards in father and daughter names what happens when one of them file bankruptcy" "Which website is the best to print out s credit report?
I already got my free credit report where can I pay for one.
Getting credit report from Equifax or transunion.
Credit is financial quicksand for most Americans.
Credit cards in father and daughter names what happens when one of them file bankruptcy.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.