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Posted in Mortgage
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Grandtad

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Home loan and Sallie Mae loan should not exist, We were taken off at bankruptcy.
We were only co-signers on the home loan and Sallie Mae loan and when we filed bankruptcy it was suppose to be removed from obligation. Therefore it should no longer be on our credit report.

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But, as co-signers, you assumed full respopnsibility for the debt should the one you signed for default.  Therefore, it does affect your credit and will remain on your credit report for 7-7.5 years after the bankruptcy was filed.  Bankruptcy may remove your obligation for the debt from the date it was filed, but it does not erase the debts from your credit record.  Only time will do so.

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