The federal Fair Credit Report Act provides that a Chapter 7 Bankruptcy may be reported by a credit reporting agency for a period of 10 years. However, look at your credit now. Judgments against you continue to be reported for a period of seven years.

Federal law permits creditors to report credit activity for up to seven years. Bankruptcies, however, are permitted to be reported for up to ten years.

No. In fact you don't own the information either. The information is owned by the individual merchants or creditors who reported the information to the credit agencies.

Generally speaking, it is best to view all three reports at once so that you are fully aware of what is contained in each. This is especially true if you are planning to borrow in the near future. However, you may also want to view one agency report every 4 months thus enabling you to view all three for free over the course of a year.

Yes. All accounts are reported monthly to all three national credit reporting agencies: Experian, TransUnion and Equifax.

information reported because of an application for a job with a salary of more than $75,000.00 has no time limit; information reported because of an application for more than $150,000.00 worth of credit or life insurance has no time limit; information concerning a lawsuit or judgment against you can be reported for seven years or until the statute of limitations runs out, whichever is longer.

The fact that a debtor has filed bankruptcy can appear on credit reports for 10 years. If the debtor was delinquent in his bill payments, then he may have already had bad credit before the bankruptcy. If the debtor receives a discharge of his debts, then he will often be in a good position to pay his current bills, and may be able to get new credit. A debtor is entitled to receive a discharge in bankruptcy once every 6 years. top

The results of your bankruptcy case will be part of your credit record for ten (10) years. The ten years are counted from the date you filed your bankruptcy. This does not mean you can't get a house, a car, a loan, or a credit card for ten years. In fact, you can probably get credit even before your bankruptcy is over! The question is, how much interest and fees will you have to pay? And, can you afford your monthly payments, so you don't begin a new cycle of painful financial problems.

This question comes up all the time, and it is perhaps the most confused area in all of Bankruptcy. There will be an entry on your credit report showing "Bankruptcy" and showing the date you filed. It will remain on your credit report for 10 years. (7 years in the case of a Chapter 13 bankruptcy) This is so, because the credit reporting agencies are allowed by law to report your bad credit information for up to 10 years.

The credit reporting agencies are available 24/7 and can be reached at the following numbers, Web sites and addresses:

The banks, retail stores, utility companies, etc. report your payment record to the credit reporting companies each month. The credit reporting companies then give that information to a second tier of regional reporting companies who sell it to retailers and banks or anyone who legitimately requests information about you.

Credit reporting agencies report your payment history/performance to credit reporting companies who assimilate that information under the FICO format. That information is then sold to LEGITIMATE users. Customer will provide a copy of an address verification and social security verification.(see list below) Applications, address verifications and social security verifications will be faxed to the processing center.

There is no fast and easy way to repair damaged credit that took months or years to occur. The law allows negative information to appear on an individual's credit record from seven to 10 years. Credit problems are the main reason would-be home buyers are denied a loan. The first step to clearing up your credit is to get a copy of your credit report to make sure that the negative credit information is indeed accurate.

The Bankruptcy Court has no jurisdiction over credit reporting agencies. The Fair Credit Reporting Act, 6 U.S.C. Section 605, is the law that controls credit reporting agencies. The law states that credit reporting agencies may not report a bankruptcy case on a person's credit report after ten years from the date the bankruptcy case is filed. Other bad credit information is removed after seven years.

Based upon the availability of data, the report will contain a small business's financial obligations, including bank loans, leases, credit cards and trade credit history as well as public records and firmographics data.

Financial obligation information is reported by the financial institutions that provide credit to the small business. Non financial information, such as trade credit, is reported by the companies providing goods and services to the small business.

Yes. Within Microsoft Accounting 2007, select the "Equifax" menu option. Select "Get Your Company's Credit Report" to download a copy of your Equifax Commercial Credit Report.

If you believe that information on your Equifax Commercial Credit Report is inaccurate, Equifax will investigate the data with the data provider. Refer to the frequently asked questions at the end of your commercial credit report for further information and instructions. In your Office Accounting Professional 2007 program click Credit Profile on the top menu bar & Select Sign Up for Credit Profile. Follow on-screen instructions.

There are three major credit repositories. Contrary to popular belief, they are not in any way government-affiliated. They are for profit, multi-million dollar corporations that gather and sell your private personal informationThe personal information section on your credit report includes your name (and any name variations), driver's license number, social security number, date and year of birth, spouse's name, employers, personal phone numbers and information about your residence.

Under the Fair Credit Reporting Act—a federal law—a bankruptcy can remain on your credit report for up to 10 years and won't clean up a bad credit record. You can contact the local bar association, legal aid services, or a university law school with a legal assistance program for a referral to an attorney.

Trans Union, Equifax, Experian are the biggest. They do not share information with each other, except for consumer "fraud alerts," and they are competitors, not government agencies.

No. We do not report payment history or any loan information to any credit agency. Credit history can be verified by faxing a Verification of Mortgage form to us with the borrower's authorization.

CREDIT INQUIRIES TO THE FILE: An Inquiry made by a Creditor will automatically purge three (3) years from the date of the inquiry. The system will keep a minimum of five (5) inquiries. CREDIT HISTORY AND BANKING INFORMATION: A credit transaction will automatically purge from the system six (6) years from the date of last activity. All banking information (checking or saving account) will automatically purge from the system six (6) years from the date of registration.

A consumer credit report may include Chapter 7 and Chapter 13 bankruptcy information for ten years from the time the case is filed. One major consumer credit reporting agency is reputed to eliminate Chapter 13 information after only seven years, but it is not legally required to do so.

The fact that an individual filed bankruptcy can remain on a credit report no longer than 10 years under provisions of the Fair Credit Reporting Act. While the information presented above is accurate as of the date of publication, it should not be cited or relied upon as legal authority. It is highly recommended that legal advice be obtained from a bankruptcy attorney .