Negative history
Ok...you filed bankruptcy correct? Accounts included in the ban
Ok...you filed bankruptcy correct? Accounts included in the bankruptcy will continue to report but should be reporting a $0 balance with the notation "include in bankruptcy". They will age off after 7 years from the date of last payment.
Yes, the accounts will be reported on your credit report for at
Yes, the accounts will be reported on your credit report for at least 10 years. They will be deleted or removed from your credit report after 10 years.
As Nelly has said, Chapter 7 bankruptcy will remain on your cred
As Nelly has said, Chapter 7 bankruptcy will remain on your credit report for the next 10 years. However, with time, the affect of bankruptcy filing on your credit report will decrease. After a Chapter 7 discharge, you will have to wait for 2 years in order to qualify for a FHA loan. If you want to qualify for a conventional loan, then you'll have to wait for 4 years after the bankruptcy discharge.