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kid272727

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how long does a bankruptcy affect your credit rating?

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Richanding's 7 and 10 is correct.

To piggy-back on this, just because those items exist does not mean you can't start rebuilding now.  I was in a similar situation many years ago but with responsible use of a low-limit credit card and responsible paying on a car loan, it only took a couple years before I could start getting near prime rates on things just because my score and recent history was stable.

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A chapter 7 will remain on your credit for 10 years of the filing date. A chapter 13 will be 7 years. You can, however, obtain credit as soon as your bankruptcy is discharged, just not favorable terms. May have to be in the form of secured credit. Good Luck!

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