Chapter 13 stays on your credit report for 7 years from the date its paid off or up to 12 years????
While Chapter 7 is only 10 years from File date???
You pay your creditors and you still suffer on your credit report?? What the heck?
I found so many controdictions online. This one says:
How long will a Chapter 13 bankruptcy stay on my credit report?
If you declare Chapter 13 bankruptcy, it will show up on your credit report for seven years (starting from the date it’s discharged). This is several years shorter than the length of time a Chapter 7 bankruptcy stays on your credit report, as Chapter 7 bankruptcy stays on your report for ten years.
In both cases, it should be noted that the bankruptcy will still be a matter of public record even after being removed from your credit report, because of the court records associated with the matter.
But then another says:
In general, a bankruptcy will stay on one’s credit report for ten years. This is the simple method for determining credit worthiness, and even affecting possible employment when one files a straightforward Chapter 7 bankruptcy. When one files Chapter 13 bankruptcy, agreeing to pay certain amounts to cancel debt for a set period of time, the bankruptcy usually stays on one’s credit report for seven years.
While Chapter 7 is only 10 years from File date???
You pay your creditors and you still suffer on your credit report?? What the heck?
I found so many controdictions online. This one says:
How long will a Chapter 13 bankruptcy stay on my credit report?
If you declare Chapter 13 bankruptcy, it will show up on your credit report for seven years (starting from the date it’s discharged). This is several years shorter than the length of time a Chapter 7 bankruptcy stays on your credit report, as Chapter 7 bankruptcy stays on your report for ten years.
In both cases, it should be noted that the bankruptcy will still be a matter of public record even after being removed from your credit report, because of the court records associated with the matter.
But then another says:
In general, a bankruptcy will stay on one’s credit report for ten years. This is the simple method for determining credit worthiness, and even affecting possible employment when one files a straightforward Chapter 7 bankruptcy. When one files Chapter 13 bankruptcy, agreeing to pay certain amounts to cancel debt for a set period of time, the bankruptcy usually stays on one’s credit report for seven years.
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