Chapter 13 Dismissal - Credit Reporting

[Rw1016]

Hi All,

Does anyone know how long a dismissed Chapter 13 stays on your credit report? Some sources say its 7 years and others say only one of the major credit reporting agencies keep reporting it for 10 years. Also, are the agencies reporting for 7/10 years from the date of filing or date of dismissal? Assuming the former, but just want some confirmation.  Thank you.

[Shooting-For-800]

13 should be 7 years from filing date.

GL!

[DebtStinks]

@Rw1016  I've not seen any personal DPs to confirm this, but I've read that a DISMISSED CH13 stays on Equifax for 10 years, while EXP and TU remove after 7 years. 

YMMV...

Best of luck!

[missji]

I read also that it's 7 years for EX and TU but ten for EQ, however, all three are reporting a removal date that is 7 years from the date that my case was filed.

I think you should check your reports to be sure. If you get them from annualcreditreport.com the date will be shown right there. I've found that reports I get through myfico and Experian don't show the date of removal unless you go into the dispute reporting system. Not that you actually need to file a dispute but going into that process shows more information than the reports on these sites show.

Edit:  

Transunion

https://www.transunion.com/customer-support/faqs/credit-basic

Generally, bankruptcy and dismissed bankruptcy actions remain on file for up to 10 years from the date filed. A completed (discharged) or dismissed Chapter 13 remains on file for up to seven years from the date filed. A voluntarily dismissed bankruptcy remains on your file for up to seven years from the date it was filed. The actual accounts included in bankruptcy remain on file for up to seven years from the date of closing/last activity regardless of the chapter pursuant to which you filed.

Experian:

https://www.experian.com/blogs/ask-experian/when-chapter-7-bankruptcy-is-deleted/

Chapter 7 and Chapter 13 bankruptcies are the two most common types of consumer bankruptcies. The process for each is different, as is the length of time they remain on your credit report.

In a Chapter 7 bankruptcy, also known as straight or liquidation bankruptcy, there is no repayment of debt. Because all your debts are wiped out, Chapter 7 has the most serious effect on your credit and will remain on your credit report for 10 years. The accounts included in the bankruptcy, however, are removed from the credit report earlier than that.

In a Chapter 13 bankruptcy, your debts are restructured and you typically pay a portion of them over three to five years. A Chapter 13 bankruptcy is deleted seven years from the filing date and has a lesser effect on your credit than Chapter 7

Equifax

https://www.equifax.com/personal/education/credit/report/how-long-does-information-stay-on-credit-re...

Bankruptcy public records stay on your Equifax credit report from seven to 10 years, depending on the type of bankruptcy.