how long does Chapter 13 bankruptcy, with a payment plan stay on your credit report,?
462236
You'll have it on your credit report for at least 7 years, BUT after two years you can qualify for the same interest rate on a mortgage as someone who hasn't filed.  Keep paying the amount on time and your credit score will improve immensely!
718582
I am really surprised at the wrong information that was given to you here. It is not true that paying off the account will allow it to be removed from the credit report any faster than if it is settled. The opposite is actually true in many cases. Negative information is kept on the credit report for seven years from the start of the last delinquency. If you catch up at one point and then get behind again, this will start the clock over. If you settle the debt, then there is no restarting of the clock.\n\nIt is also not true that a settlement will necessarily keep you from getting credit for years. Most loans are based strictly on your credit score. There is no appreciable difference in the credit score of someone who paid off a debt in full and someone who settles the debt as long as they happen at the same time. Much more important is how long ago the delinquency was. If you have to wait to pay it off, it will have far more impact on your credit score.\n\nThe money that you save by settling the account can be used to help you financially now and to help you rebuild your credit. Further, you can negotiate how the company reports the debt to the credit bureau in your settlement offer. You can have them just report a zero balance and not report that it was even settled. I have done this for many clients.
896888
If the creditors are older than 7 years you can request the credit reporting bureaus remove them. Unless it is items associated with bankruptcy which can remain on your credit report up to 10 years.\n\ngo to www.annualcreditreport.com and get your credit report, then look over them and read it for information on how to take care of incorrect items, out of date items, etc.
352273
Yahoo just had something on the homepage about devious "junk buyers" buying old debt for pennies on the dollar and then trying to make you pay even after the statute of limitations had passed-I know there is limits but as to what they are I can not 100% tell you.  \n\nAnd actually it is never 'removed' from your credit report, but companies only 'pull' a 7-10 year history, so it does not show, the debt is always listed on the report, so it never really disappears, just hanging out in old debt land, and if you go for a Senate Hearing or something they will pull it up.\n\nThe report said something about the basement buyers buying the debt and then reporting it as a 'new' debt to get it back active on your Credit Report, which is against the law.  The report also said they target those that paid some debt, because they were more worried about the ramifications of the credit report.  I will research and see if I can find the article-it was an informative read.
1127799
Once it is filed, yes. Although a Chapter 13 you are paying debts off through the court. You fail to keep up the payments, your bankruptcy gets discharged back to the creditors to collect.
892241
If you were to file a chapter 7 now on your credit report it will show that you would have filed 2 bankruptcies.  Under the new bankruptcy laws you will have to go to counseling before filing any bankruptcy and the counselors they are using are from Consumer Credit Counseling Services.  \n\nYou should continue with the chapter 13 or just payoff those bills with the funds you received from the sale of your home.  It will save your credit and you won't be turned down to buy another home in the future.   You also want to start getting your credit back on track by applying for a secured credit card.  Stay away from retail and department credit cards.  These type of cards are finance companies and will lower your credit score.
381170
You could just file Chapter 13 bankruptcy & just pay partial of it. Bankrupsty will fall off your credit report in 7 years. Your in about 20 years of debt. Chapter 13 can cut it to 10 or less years. Consult with an attorney he can give you good advise. It is hard to get debt consulidation to help most companies will not take a 20$ a month payment. I work for a collection company. My suggestion is try to take care of it soon be fore they take you to court, get Judgment & start to garnish your checks.
230485
The standard is 10 years but many creditors stop reporting after 5. But since so many companies are so different it's nearly impossible to give you an absolute answer so if you're not paying your bills then assume that they'll remain on your record for 10 years.\nIf you're served you a) go to court or b) settle with the company. The settlement will be much lower than the actual debt. And not having a job is gonna do you absolutely no good in your argument. The best way to avoid paying the debt (at least in a lump sum) is to pay in very small amounts. As long as you pay something then legally you aren't refusing to pay your debt. But if I were you, I'd get a job and settle with the company. You might be able to talk them into a monthly minimal payment.
306209
7 years from the time it was last reported on. So basically from the time either you or they closed out the account. But a little hint you may want to try is to get your report and dispute anything negative on it. If the individual creditors dont respond back in time to the dispute it can get removed from that specific report. Believe me that works !
1147624
creditor and it's report stays on your report for a minimum of 7 years.....However, if your current credit is positive and stays clean for at least 24 months....you will mitigate most of the damage the bad debt does to your FICO score.....\n\nMost the time, it will take you written requests, follow up to actually get it removed directly to each of the reporting agencies - obviously you need to wait 7 years to even begin to try.\n\nBut, again, it's your recent activity of demonstrating credit worthiness that will count the most.
1066528
While Chapter 7 bankruptcy will not relieve tax obligations, I believe that chapter 13 DOES include taxes. Of course, under chapter 13 you have to make some payments on your debts for 3-5 years, so this may not be of interest to you.
12303
If you're talking about a legal judgement on your credit report, it would be no more than 7 years.  It may be less, depending on your state of residence.
1126338
Actually, it depends on your state. If you do a search for "statute of limitations by state", it will let you know what the limits are in your state. Many states have limits of only 4 or 5 years.\n\nRegardless, it will drop off of your credit report after 7 years from the date of last activity.\n\nKeep in mind that any legal information may need to be confirmed by a qualified attorney, of which I am not. Hope this helps.
1049546
Student loans cannot be discharged at all under any bankruptcy. Credit card debt can be discharged if you qualify for chapter 7, but the big change is that most people will not qualify for chapter 7, but instead must file chapter 13 bankruptcy, which creates a 3-5 year payment plan in which all disposable income is used to pay off the debt. After the plan is fulfilled, the remaining debt is discharged.
310774
The debt will show the status as paid on your credit report, but it will stay on the report as a former delinquent account for 7 years.
1048340
While most negative credit information remains on your credit report for a maximum of 7 years, some information remains longer.  According to the three credit reporting agencies and the Credit Reporting Law of 1996, different types of credit information generally remain on your credit file as follows:\n\n(1)Credit Accounts - Negative information remains for 7 years from the initial missed payment that led to the delinquency. Keep in mind that active positive information can remain indefinitely.\n\n(2) Collection Accounts - A collection account remains for 7 years from the initial missed payment that led to the collection.\n\n(3) Public Records - Chapter 7, 11 and 12 bankruptcies remain for 10 years from the date filed. Completed Chapter 13 bankruptcies remain for 7 years from the date filed, and 10 years if not completed. Tax liens remain for 7 years from the date filed if paid and remain for 15 years if not paid. All judgments remain for 7 years from the date filed.\n\n(4) Inquiries (these are creditor not consumer inquiries) - \nInquiries remain for 2 years.\n\n(5) Special Cases - \nNew York State Residents Only: Satisfied judgments remain 5 years from the date filed, while paid collections remain 5 years from the date of last activity.\n\nCalifornia State Residents Only: All tax liens remain 7 years from the date filed.\n\nSo keep in mind that the type of debt that you have on your credit file, will determine the length of stay on your credit file. Also there were some special provisions of the Credit Reporting Law regarding amounts, ex. negative information can be reported longer than 7 years for credit transactions over $150,000. So I hope this helps but you can always find more information on the FICO website below. \n\nPS. Please be careful of the individual below who states that with a dispute, negative information can be removed. It is correct that negative information has to be verified by the credit bureau within 30 days, and believe me they will verify. The only thing you will get is a response from the bureau saying that "the information has been verified as accurate, and WILL remain on your credit file". Creditors keep information on file regarding bankruptcy for the period of the bankruptcy especially if you file a Chapter 13 (restructered payment plan). Don't be fooled to think that it's that easy to have accurate negative information removed, in fact this could be considered fraud if you knowingly dispute information that IS accurate.
245293
Negative credit accounts are reported for 7 years from the date of last activity. Are you talking about accounts showing as "charge offs"? If so, then it will stay on your file for 7 years from the date of last activity.\n\nI would love to help with more specific answers. You can e-mail me with the details of your situation at creditguru@earthlink.net