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I declared bankruptcy many years ago and my debts were discharged in late 2001. Its been nearly 10 years, so what I am wondering is - once 10 years have passed do I have to call the 3 credit agencies to request that they remove it from my credit report or does it come off automatically? Also, do I have to still admit that I have been bankrupt in the past or will nobody ever be able to tell that I have been bankrupt before? Thanks.
I declared bankruptcy many years ago and my debts were discharged in late 2001. Its been nearly 10 years, so what I am wondering is - once 10 years have passed do I have to call the 3 credit agencies to request that they remove it from my credit report or does it come off automatically? Also, do I have to still admit that I have been bankrupt in the past or will nobody ever be able to tell that I have been bankrupt before? Thanks.
Sorry to hijack your thread, but I have a similar issue. I filed bankruptcy too and my debts were discharged in Jan 2000.
I *think* the bankruptcy is supposed to fall off your reports automatically.
As for your last question, I'm pretty sure that if you apply for a mortgage, the lender can pull a file that will have the bankruptcy on there even though it's discharged. I think it's called a 'full file disclosure' or something like that.
I think its ten years max, go to www.annualcreditreport.com and run a report. If its still on any of the three reports then you need to file a claim on which ever one shows its still on there.
It will fall off automatically after 10 years. You may want to pull your credit report anyways to see if any of the original creditors that were included in the bankruptcy are off the report as well. They are supposed to fall off too.
It falls off after 10 years. I filed in 1999. The worst decision I ever made, but I digress. It dropped off earlier this year. We actually did not have too many issues once the bankruptcy got to 7 yrs. Most creditors will not consider it anymore as long as the rest of your credit is decent. But when we bought our house last year, the mortgage company at the last minute wanted to see our discharge papers. I had to dig for them, blow off the dust and fax them over. Even my mortgage broker was miffed by them wanting to see the papers since the bankruptcy was only a few months away from being dropped off. I would run a report to see if its on there. Mine dropped off on the exact date of the discharge.
I believe it's 10 years. When we lived in Massachusetts, the people we bought the house from had filed for bankruptcy 10 years before so we had to see their "additional" paperwork with their atty. by their side during our closing............. they ended up buying a 500,000 home right around the corner from us in the same neighborhood.. Can't believe they were approved for THAT MUCH after declaring bankruptcy! I guess the slate was wiped clean. I thought it follows you the rest of your life? This was of course 6 years ago though.
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I had to dig for them, blow off the dust and fax them over. Even my mortgage broker was miffed by them wanting to see the papers since the bankruptcy was only a few months away from being dropped off. I would run a report to see if its on there. Mine dropped off on the exact date of the discharge.
Can't believe they were approved for THAT MUCH after declaring bankruptcy! I guess the slate was wiped clean. I thought it follows you the rest of your life? This was of course 6 years ago though.
