Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Bankruptcy
Profile Image

Question By
DAS359

1 Contribution
0 People Helped
Accounts closed by bankruptcy

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
1 Contribution
0 People Helped

I don't know where my question went... my question was,

I understand that a Chapter 7 bankruptcy will stay on my report for 10 years. But what about the individual accounts that were closed by the bankrupcty? What I mean is, the bankruptcy appears under the Public Records section. But the actual accounts that were closed, will they remain for 10 years as well or could they come off after 7 years?

Thanks

Top Contributor
10866 Contributions
4392 People Helped

Helpful to 0 out of 1 people

Bankruptcy does not remove the accounts from your credit report immediately.  Those accounts were part of your credit history then and will remain part of your history for 7 years from the date they first became delinquent.  The notice of the bankruptcy will be on your credit reports for up to ten years.  The articles on this site explain credit very well and I hope you take the time to read them again.

Reply by
Dslgx6

6 Contributions
0 People Helped

I understand that things included in bankruptcy will stay on your report until it drops off in 10 years, but I filed chapter 7 in 2013 and the car finance company I included is the only one that continues sending "activity" to the bureaus every month although the remarks says "closed/ included in bankruptcy". Is this legal, or should I dispute this information on the grounds that my last activity should be my discharge date, like my other debts listed in bankruptcy. It feels like an attempt for them to be able to come after me 15 years later

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.