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
Rmneal1

0 Contributions
0 People Helped
I just paid a mortgage loan off in full that was under a bankruptcy 7. How will this impact credit?
Have a 1st and 2nd mort on my home. Declared bankruptcy 7 and both these loans were tagged as bank7 on my credit report. Continued to pay them on time. Never late but for the last 3.5 years they show up as bankruptcy 7 on my credit. Today I paid off the 2nd mortgage in full. Will this now be reported as paid in full (and remove the Bankruptcy 7 on my credit report?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7347 Contributions
3805 People Helped

Sorry, but bankruptcy 7 remains on your credit report for 10 years. please read the articles on this site and utililze the financial tools provided so you can begin to build a good credit score now and maintain it for the future.  That is what Credit Karma is all about because too many people do not understand how credit works.

Result 1-1 of 1Results 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.