Negative history

Date: Tue, 11/16/2010 - 20:47

Submitted by on Tue, 11/16/2010 - 20:47

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I recently attempted to apply for a morgage and I had been discharged for two years, but some of the creditors under the chapter 7 still appears is it supposed to.

Total Replies: 3

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.

Submitted by SOAPLADY on Wed, 11/17/2010 - 04:16

SOAPLADY

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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.

Submitted by Good Nelly on Thu, 12/02/2010 - 01:41

Good Nelly

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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.

Submitted by Anna Sweeting on Wed, 12/15/2010 - 02:22

Anna Sweeting

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