Will Bankruptcy Take Charged-Off Bad Debt Off of My Credit Report?

Answer When a creditor charges off a bad debt, this means that it considers the debt to be unpaid for accounting purposes. You still owe the debt and the creditor can still try to collect it, so you can i... Read More »

Top Q&A For: Will Bankruptcy Take Charged-Off Bad Debt Off o...

How long does it take a debt to drop off of a credit report?

Depending on the type of accounts you carry, a debt will remain on your credit report for seven to 10 years. The Fair Credit Reporting Act requires credit reporting agencies to remove derogatory de... Read More »

How long will bankruptcy be on a credit report?

According to the Fair Credit Reporting Act, Information on Chapters 7, 11 and 12 bankruptcy that have been filed will stay on a credit report for 10 years. This amount of time can be shorter depend... Read More »

How long will a debt remain on my credit report?

A debt can remain on your credit report for seven years. Bankruptcy information can be reported for 10 years. Consumers who have paid a debt may contact their creditor and request that the creditor... Read More »

Will a bankruptcy in my credit report affect my chances of getting assistance for medical school student loans?

I know that your credit will be messed up for times to come.HOWEVER, please note that loans for school cannot be wiped out even if you file for bankruptcy. You may look into getting a loan, which m... Read More »