Login
Lender Signup
Community Signup

World's Largest Mortgage Community
(26,312 members)

What are you looking for?

Bankruptcy

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
hanth23 Joined: 22 Jul 2007 Posts: 23 10.95 Dollars($)	Posted: Sat Jul 28, 2007 5:25 am    Post subject: Bankruptcy Please advise regarding, how the lender reports to the credit bureaus, when you bankruptcy (chapter 7 or 13) is filed and after the bankruptcy is discharged. How, is it different from the normal credit reporting.
adonis Joined: 22 Oct 2005 Posts: 1236 Location: ALASKA 105.68 Dollars($)	Posted: Sun Jul 29, 2007 11:22 pm    Post subject: When you file bankruptcy, the court clerk sends a notice to your lender notifying them. Now it's lender duty to report credit bureaus notifying about the bankruptcy filed by you.
larry Joined: 27 Jun 2007 Posts: 2910 403.53 Dollars($)	Posted: Mon Jul 30, 2007 5:07 am    Post subject: Hi Hanth, When your bankruptcy is reported to a credit bureau, it may remain on your credit report up to 10 years after the filing of the case. Lenders views bankruptcy as an extremely negative item on your credit report and thus have a negative effect on your credit score.

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1