topic Re: 6.5 Years Post CH7 questions in Bankruptcy

6.5 Years Post CH7 questions

Openwater — Tue, 08 Jun 2021 02:27:50 GMT

OK, so i got my CH7 filed 9/14 and discharged 12/14.

On my credit report I had 3 baddies, Cap1, Chase, BoA showing on all three CRA. Then recently, sometime in the past month, I looked at my reports and here some dropped some stayed.

EQ: Cap1 dropped. Chase / BoA still show

EX: All gone (free and clear)

TR: Cap1 dropped. Chase / BoA still show

The actual BK7 still shows.

Is this how it works, little by little line items fall off randomly? Should I expect EQ and TR to follow suit with EX? Is this the light at the end of the tunnel, or some miracle that EX cleared, and expect to be in the long haul with EQ and TR? Obviously there is no direct answer as things vary but what is the typical norm with the BK at this stage in the game?

Thanks

Re: 6.5 Years Post CH7 questions

CreditBob — Wed, 04 Aug 2021 05:54:57 GMT

I would not hold my breath or count of the rest falling off. Just make sure that you establish new trade lines (meaning accounts).

Re: 6.5 Years Post CH7 questions

Horseshoez — Wed, 04 Aug 2021 12:45:46 GMT

@Openwater wrote:
OK, so i got my CH7 filed 9/14 and discharged 12/14.

On my credit report I had 3 baddies, Cap1, Chase, BoA showing on all three CRA. Then recently, sometime in the past month, I looked at my reports and here some dropped some stayed.

EQ: Cap1 dropped. Chase / BoA still show
EX: All gone (free and clear)
TR: Cap1 dropped. Chase / BoA still show

The actual BK7 still shows.

Is this how it works, little by little line items fall off randomly? Should I expect EQ and TR to follow suit with EX? Is this the light at the end of the tunnel, or some miracle that EX cleared, and expect to be in the long haul with EQ and TR? Obviously there is no direct answer as things vary but what is the typical norm with the BK at this stage in the game?

Thanks

I'm thinking your Chapter 7 had nothing to do with the accounts falling off, quite simply, they hit the 7-year reporting threshold and were dropped because of that; I strongly suspect TR and EQ will follow EX's lead in a month or three. As for the BK showing on your reports, that will stick around for a few more years.

Re: 6.5 Years Post CH7 questions

Openwater — Fri, 06 Aug 2021 20:31:38 GMT

I'm thinking your Chapter 7 had nothing to do with the accounts falling off, quite simply, they hit the 7-year reporting threshold and were dropped because of that; I strongly suspect TR and EQ will follow EX's lead in a month or three. As for the BK showing on your reports, that will stick around for a few more years.

I hope you're right. Been dying for these baddies to leave already!

Re: 6.5 Years Post CH7 questions

FireMedic1 — Sun, 08 Aug 2021 16:14:34 GMT

Most things fall off after 7yrs. Charge-offs remain on your credit report for seven years plus 180 days from the date the charge-off was reported to a credit agency. If your close to the 7 year mark. You can do EE or early exclusion with TU at 6 months, EX 3 months and EQ at 1 month. But its advisable to let EQ fall on its on. They kinda mess things up a bit.

Re: 6.5 Years Post CH7 questions

Openwater — Mon, 09 Aug 2021 18:16:59 GMT

@Horseshoez wrote:
I'm thinking your Chapter 7 had nothing to do with the accounts falling off, quite simply, they hit the 7-year reporting threshold and were dropped because of that; I strongly suspect TR and EQ will follow EX's lead in a month or three. As for the BK showing on your reports, that will stick around for a few more years.

And just like that, all the baddies are off my reports. Minus the BK7 of course. Good call, you hit the nail on the head.

Re: 6.5 Years Post CH7 questions

FireMedic1 — Mon, 09 Aug 2021 21:43:56 GMT

Congrats!!!!!!!!!!!

Re: 6.5 Years Post CH7 questions

Openwater — Tue, 10 Aug 2021 01:27:36 GMT

@FireMedic1 wrote:
Congrats!!!!!!!!!!!

Thanks! Can't wait to get the BK off my profile for good....

Re: 6.5 Years Post CH7 questions

Horseshoez — Tue, 10 Aug 2021 01:38:00 GMT

@Openwater wrote:
@FireMedic1 wrote:
Congrats!!!!!!!!!!!
Thanks! Can't wait to get the BK off my profile for good....

I know the feeling; mine drops off early next year and I'm practically counting the days.

Re: 6.5 Years Post CH7 questions

Anonymous — Thu, 26 Aug 2021 06:38:39 GMT

@Openwater wrote:
@FireMedic1 wrote:
Congrats!!!!!!!!!!!
Thanks! Can't wait to get the BK off my profile for good....

I'm 3 months behind you in the filing/discharge process and counting down the days for the baddies to fall off (5 total accounts) can't wait for next month!