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After Bankruptcy

Valued Contributor

After Bankruptcy

After your Bankruptcy falls off your credit report do banks have anyway of knowing u had a Chapter. The reason i'm asking is because my Chapter 13 is due to fall off my credit report in October of this year?

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


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Message 1 of 11
10 REPLIES
Valued Contributor

Re: After Bankruptcy

One more thing i thought BK stay on your credit for 10 Years. I just called TransUnion an Experian they told me my BK will fall off in October but i filed my BK back in 2001?

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge
Message 2 of 11
Established Member

Re: After Bankruptcy

chapter 7 = 10 years, chapter 13 = 7 years hope this helps
Message 3 of 11
Valued Contributor

Re: After Bankruptcy


Seyer4gold wrote:
chapter 7 = 10 years, chapter 13 = 7 years hope this helps

Ok thx

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge
Message 4 of 11
Valued Contributor

Re: After Bankruptcy

That would be 7 or 10 years from discharge not filing.
Message 5 of 11
Valued Contributor

Re: After Bankruptcy


Jmbfi wrote:
That would be 7 or 10 years from discharge not filing.

 
WHAT lol I'm confused.

Starting Score 3-31-08: EQ 582 TU 577 EX 625
Current Score 3-19-10: EQ 703 TU 712 EX No Clue
Goal Score: 800 By January Of 2012


Take the FICO Fitness Challenge
Message 6 of 11
Established Contributor

Re: After Bankruptcy



jmbfl wrote:
That would be 7 or 10 years from discharge not filing.



No it is from filing....my credit report states mine will fall of in 2011 and it was filed in 04 and discharged last year.
Message 7 of 11
Established Member

Re: After Bankruptcy

what is discharge and is there a certain time frame that you have to wait?
Message 8 of 11
Established Contributor

Re: After Bankruptcy

Date of removal is never date certain... could happen at anytime. BK code states BK will not remain on credit report for no more than 10 years. Typically, CRAs remove BK13, for the most part, approximately 7 years after filing date and BK7 is removed approximately 10 years after filing date.
Message 9 of 11
Established Contributor

Re: After Bankruptcy

Chap 13 is 7 years from date of FILING for EX and TU, but 10 years for EQ.   It is NOT from discharge date.     Chap 7 is 10 years for all 3 CRA's..........
Message 10 of 11