FAQ: How Long Does Bankruptcy Stay On A Credit Report?

FAQ: How Long Does Bankruptcy Stay On A Credit Report?

How Long Does Bankruptcy Stay On Your Credit Report?		*North Carolina Bankruptcy Lawyer in Charlotte NC for Chapter 7 / Chapter 13*

Bankruptcy filings typically stay on your credit report for a period of ten (10) years. Just because bankruptcy is on your credit report that doesn't meant that you won't be given credit though. Think of a credit report as a financial diary, that tells creditors who are thinking of lending you money what you have done over the last seven - ten years. If you work hard to reestablish your credit rating, what you did a few years ago weighs less against you. In order to improve your credit scores, you must pay all bills on time. Don't max out any open lines of credit you have. If you want to buy a house or a car, save up a down payment. For more information, you can read some more articles: How Long Does Bankruptcy Stay On Your Credit Report? Know Your [Fico Score] Numbers Why You Should Not Rely On A Debt Management Plan Or Credit Counseling To Protect Your Credit. Next: What About Credit Counseling?

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The Law Office of Susanne M. Robicsek is
a Federally Designated Debt Relief Agency
under the Bankruptcy Code.
I file bankruptcy cases for people in financial need,
and have been doing so since 1989.

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Charlotte NC Bankruptcy Lawyer Concentrating In Consumer Bankruptcy Since 1988