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Posted in Bankruptcy
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Question By
Kgpach

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How long does it take for a bankruptcy chapter 7 to come off your credit

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Best answer:

Helpful to 38 out of 40 people

Under FCRA, in general terms, a bankruptcy is supposed to be removed at 10 years.  Collections are supposed to come off at 7 years unless a court judgement put them there, which falls under the 10 year catagory.  The credit bureays can remove these issues sooner if they wish, but will generally choose the 7/10 year limit.  You should contact the bureau(s) still reporting this information past the statutory limitation and ask that these entries be removed.  It can take up to 90 days to "show" on your bureau, but is generally 30 to 45 days.

Items like judgements and bankruptcies are not reported to the bureaus by the involved jurisdiction; rather, they are pro-actively sought out by the credit reporting agencies and reported.

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19 People Helped

bankruptcy chapter 7

Helpful to 19 out of 21 people

It normally takes 10 years before your bankruptcy falls off your credit report

Reply by
samson11658

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Helpful to 15 out of 18 people

Enter Your Reply  I'm on 11 years now and it's still on my credit report

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Bankruptcy

Helpful to 24 out of 35 people

My ex-husband and I filed bankruptcy in 2004. He has had no problems being denied credit (bought house bought 3 cars) but my bankruptcy is hindering me everytime I go to purchase anything WHY?

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Reply by
Random789644

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250 People Helped
Helpful to 2 out of 2 people

It should have went away for certain in 2014 (for Chapter 7 bankruptcy). Contact the credit bureau and ask what's going on.

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4531 People Helped

Helpful to 12 out of 12 people

Ten years.

Reply by
samson11658

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Helpful to 5 out of 10 people

Enter Your Reply I'm on 11 years now and it's still on

Reply by
edubya90

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Helpful to 9 out of 17 people

We filed in '09 but I don't remember if it was chapter 7 or 13. I thought it was whichever was the lesser of the two evils and therefore it would drop off sooner. Needless to say, it still haunts me to this day. So are both 7 and 13 ten long years?

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Reply by
Random789644

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Helpful to 2 out of 5 people

edubya90 - no. A Chapter 13 only stays on for seven years (I filed Ch. 13 in 2017, and it just fell off my reports this month).

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13 People Helped

Bankruptcy

Helpful to 12 out of 13 people

Its time for mine to come off and eas paid off 5 yrs ago. What do i need to do to get it off?

Reply by
Manuel1234910

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Call the credit burueus after 7 years.

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8 People Helped

whento appy for Chapter 7

Helpful to 8 out of 11 people

when dp I appl for chapter 7 as Ihave may many medical bills

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Reply by
Random789644

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Helpful to 0 out of 3 people

Call up a few bankruptcy lawyers in your town - most give initial consultations for free. They can best help you decide which type to apply for, as well as if it makes sense for you to do so.

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increse the score

Helpful to 9 out of 13 people

How can I increase the score

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5 People Helped

Helpful to 5 out of 6 people

If it has been 10 years since your discharged you can contact the credit card companies and file a dispute and provide proof that the ten year is up and they should take it off

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Reply by
Random789644

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You contact the bureaus to file a dispute, but otherwise yes.

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4 People Helped

Helpful to 4 out of 5 people

Which one is better bankruptcy or credit consolidation 

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Reply by
Random789644

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Helpful to 1 out of 1 people

Depends on your situation. A credit consolidation may end up costing more, and you may not be able to afford the payments. Most bankruptcy lawyers have initial free consultations, and an honest one will best help you figure out which option makes the most sense to you (and if it starts sounding like a sales pitch, find another lawyer.)

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Bankruptcy Chap7

Helpful to 4 out of 6 people

Takes 8 years to come off your report

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