top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Accounts in Good Standing Before Bankruptcy No Longer Reported

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Accounts in Good Standing Before Bankruptcy No Longer Reported

    I had plenty of financed accounts paid off previous to my filing for bankruptcy. Since I had several bankruptcy filings and it has taken a total of 13 years to finally get a discharge and all of those older paid off accounts are no longer on my credit bureaus.
    Is it normal for good accounts to fall off bureaus in time? Or was it because of my BK filings?
    Can I request to have them reported to the bureaus?

    #2
    Yes. Closed accounts will last 7 years. Closed accounts in good standing will report for at least 10 years. That's the downside of closing an account... eventually it will fall off and seriously affect your Average Age of Accounts (AAoA).

    It was not caused by the bankruptcy. You can't have a closed account be put back on your bureau.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog

    Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

    Comment


      #3
      Originally posted by justbroke View Post
      Yes. Closed accounts will last 7 years. Closed accounts in good standing will report for at least 10 years. That's the downside of closing an account... eventually it will fall off and seriously affect your Average Age of Accounts (AAoA).

      It was not caused by the bankruptcy. You can't have a closed account be put back on your bureau.
      Ok thanks!

      Comment

      bottom Ad Widget

      Collapse
      Working...
      X