topic Re: Bankurcy in General Credit Topics

Bankurcy

Anonymous — Fri, 13 Apr 2007 16:01:07 GMT

When can you get an bankurcy remove from your credit report?

Re: Bankurcy

Anonymous — Fri, 13 Apr 2007 18:45:40 GMT

Bankrupcy stays on your report for 10 years from the Date you filed so if you filed on 08/2001 then your BK will come off on 7/2011

Re: Bankurcy

Anonymous — Sat, 14 Apr 2007 00:12:11 GMT

Depending on whic chapter you filed, Chapter 13 is generally removed after 7 years and ch 7 stays on for ten

Re: Bankurcy

Anonymous — Mon, 16 Apr 2007 23:01:28 GMT

OOPS forgot about Chapter 13 I did Chapter 7. Thank you Brammy for that cover there

Re: Bankurcy

Anonymous — Mon, 16 Apr 2007 23:07:26 GMT

Couple of years after a BK, with it still on their report, lots of folks report getting mortgages, car loans, credit cards, etc.

Re: Bankurcy

Anonymous — Mon, 16 Apr 2007 23:11:59 GMT

I have yet to see that happen and mine was filed in August of 2000 I just give up I got them (mid Scord) 5 points under the 600 mark and cant seem to go anywhere else. I have tried and tried to get a loan for 5000.00 to take care of ALL and yes I mean ALL of the negatives on there and and that includes bring down my Utilization on 2 CC's but cant seem to get anyone to lend it to me. So I guess I will have to just deal with it and face the fact I have bad Credit and it will stay that way.

Re: Bankurcy

Anonymous — Tue, 17 Apr 2007 00:32:59 GMT

nikkoslilmouse wrote:
I have yet to see that happen and mine was filed in August of 2000 I just give up I got them (mid Scord) 5 points under the 600 mark and cant seem to go anywhere else. I have tried and tried to get a loan for 5000.00 to take care of ALL and yes I mean ALL of the negatives on there and and that includes bring down my Utilization on 2 CC's but cant seem to get anyone to lend it to me. So I guess I will have to just deal with it and face the fact I have bad Credit and it will stay that way.

I filed three months after you did so I know thats not true. Have you reviewed your reports to make sure that everything included in your bankruptcy is listed as included. Most if not everything should have fallen off since that time.

Have you had a bunch of new derogs since BK? If thats the case then no yu will not get the best loans or scores

Re: Bankurcy

Anonymous — Tue, 17 Apr 2007 05:39:30 GMT

Check out naca.com and see whether they're in your state. FHA is another option.

2 years after a BK is discharged, people do get mortgages.

Message Edited by Noah_Bodie on 04-16-2007 10:39 PM

Re: Bankurcy

Anonymous — Tue, 17 Apr 2007 14:13:34 GMT

some lenders will give a mortgage loan one day out of BK. Rates are ugly, but you can get it.

Re: Bankurcy

Anonymous — Wed, 18 Apr 2007 01:11:46 GMT

FHA depends upon your recent payment history and DTI. Credit scores don't matter.

NACA also doesn't depend upon having high FICOs.

Re: Bankurcy

Anonymous — Wed, 18 Apr 2007 01:29:46 GMT

Chapter 7 is 10 years from date filed, chapter 13 is 7 years from date filed. I filed in 03/1997 and disputed it with Equifax in 2004 and it got deleted. It wasn't supposed to be removed until 02/2007....so dispute anything ugly in the credit files!

Re: Bankurcy

Anonymous — Wed, 18 Apr 2007 01:50:30 GMT

BMax wrote:
Chapter 7 is 10 years from date filed, chapter 13 is 7 years from date filed. I filed in 03/1997 and disputed it with Equifax in 2004 and it got deleted. It wasn't supposed to be removed until 02/2007....so dispute anything ugly in the credit files!

Thanks for the heads up BMax I wll be diputing my 7, at 7 years this Nov just to see how it goes. Thanks again. I had been thinking about it but never saw anyone successfully say how they had one removed

Re: Bankurcy

Anonymous — Thu, 19 Apr 2007 00:35:22 GMT

Chapter 13 - You say seven years from date of filing, so it doesn't matter when it is discharged or dismissed. For instance, you file in 2003, then the 13 should be removed by 2010, even though it is not technically discharged until 2008? Is that correct?

Re: Bankurcy

Anonymous — Thu, 19 Apr 2007 00:37:29 GMT

dazednconfused wrote:
Chapter 13 - You say seven years from date of filing, so it doesn't matter when it is discharged or dismissed. For instance, you file in 2003, then the 13 should be removed by 2010, even though it is not technically discharged until 2008? Is that correct?

YUP

Re: Bankurcy

Anonymous — Thu, 19 Apr 2007 13:43:41 GMT

Just to let you know you can get approved for a home after bankruptcy, I bought a big beautiful home for 160.000 only 7 months after my discharge date and the interest is 7.25%. you would need to contact a realtor that can get you financed with a lender.

Re: Bankurcy

Anonymous — Thu, 19 Apr 2007 14:08:55 GMT

shanda35 wrote:
Just to let you know you can get approved for a home after bankruptcy, I bought a big beautiful home for 160.000 only 7 months after my discharge date and the interest is 7.25%. you would need to contact a realtor that can get you financed with a lender.

Wow what kind of loan was that. most conventionals require at least 1 year of clean pymt history.

Re: Bankurcy

Anonymous — Thu, 26 Apr 2007 19:21:49 GMT

I could refer you to folks on other boards, but the Mod wouldn't like it.