Without a doubt, one of the most frequent questions I get is about credit scores. The question is always some version of: Will a bankruptcy ruin my credit score forever? Americans have an unhealthy obsession with bad credit, as though a credit score were an indicator of self worth. This obsession ...
Bankruptcy filers who would like to rebuild their credit are justifiably concerned about how long a bankruptcy can appear on their credit report. The answer is that bankruptcy information can stay on your report for 10 years. Most other types of negative information can be reported for 7 years. Usually, a Chapter 7 stays on a ...
