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As long as you don't obtain any collections, late pays, etc. after the discharge of the bankruptcy.

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14y ago
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Q: Is your credit bad after chapter 7?
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Related questions

How long does it take after a bankruptcy is discharged to show on your credit report?

The amount of time a bankruptcy stays on your credit report after discharge differs between Chapter 7 and Chapter 13 Bankruptcy. With Chapter 7 bankruptcy, the Chapter 7 stays on your credit report for 10 years. Chapter 13 bankruptcy, after discharge, it shows for 7 years on your credit report.


Will a cosigner's credit be affected if they cosign for someone who has a bad credit score because of a Chapter 7 bankruptcy?

The cosigner's credit will only be affected if the person that they cosign for defaults on the loan. The bankruptcy will not affect the cosigners credit.


Can i get credit card after filing Chapter 7?

I filed Chapter 7 last year and when I applied for a credit card this year I was denied and the reason was "bancruptcy".


When does chapter 13 come off credit?

Bankruptcies (both Chapter 7 and Chapter 13) remain on your credit report for 10 years.


Does a chapter 7 bankruptcy affect your credit the same as a chapter 13?

Yes.


How is your credit affected by a chapter 13 bankruptcy verses a chapter 7 bankruptcy?

Both have the same negative impact on your credit.


How long does a dismissed chapter 13 bankruptcy stay on your credit file?

A Chapter 13, whether it is dismissed or successfully receives discharge, is on your credit report for 7 years. A chapter 7 is on your credit report for 10 years. i called equifax and a discharged chapter 13 stays on for 7 years and a dismissed chapter 13 stays on for 10 years


How long is chapter 7 on your credit?

10 years


When you file chapter 7 bankruptcy do they check your credit reports?

yes, it will remain on your credit reports for 7 years


What are the consequences to one's credit if a vehicle is repossessed?

It adversly effects your credit for 7 years. Except for a Chapter 7 bankruptcy which remains on the report for 10 years, no bad debt can stay on your credit repair beyond 7 years from the date the debt was originated. The law is on your side that it must come off.


When will a bankruptcy filed 7 years ago expire?

Chapter 7 will stay on credit report for 10 yrs. Chapter 13 for 7 yrs.


How would you get a chapter 7 bankruptcy removed after 7 years?

A Chapter 7 bankruptcy typically remains on your credit report for 10 years. You cannot have it removed before then, but you can start rebuilding your credit by making on-time payments, managing your credit responsibly, and showing a positive credit history over time.