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Was bankruptcy always listed for 10 years?

In: Debt and Bankruptcy [Edit categories]

Answer:

Bankruptcy

It has always been 10 years. Some CRAs will take it off after 7.

Bankruptcy has its basis in the Bible. The Bible states 7 years so many places (including CRAs) ignore it after 7.

More input from FAQ Farmers:

I don't know for how long, but for at least the past 8 years the rule has been that Chapter 7's are on your credit report for 10 years, and Chapter 13's are on your credit report for 7 years. I think the fact that different chapters affect your credit for a different amount of time is where the confusion comes from.

Contributor:

Neila222

First answer by Neila222. Last edit by Neila222. Contributor trust: 3866 [recommend contributor ]. Question popularity: 244 [recommend question].

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