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Finally my old bankruptcy Chapter 7 has been removed from my credit report. Presently, I have no more negative information on my credit reports. I have established and also maintained good credit since my bankruptcy was discharged. I am unsure, however, of how to answer on any future credit application or home mortgage loan if asked if I have ever had a previous bankruptcy. I know that it is fraud to falsify a credit application. If I do indicate a previous bankruptcy, will that ruin my chances of ever buying another house? What should I do in such a case?

jerry · Posted: Fri Jan 27, 2012 2:50 am Post subject:

Hi Samuel,

Your bankruptcy filing must be more than 10 years old. As a result, it has been removed from your credit report. So, you can mention the fact that you had filed bankruptcy years ago and that it has been successfully removed from your credit report. If you do so, I think there won't be any other problems while you apply for a mortgage or any other type of loan.

Thanks,

Jerry

alvinajohn · Joined: 25 Dec 2011 Posts: 38 7.96 Dollars($)

i think your credit report will not effect much as your previous bankruptcy has discharged completely. you will easily qualify for loan to purchase new house!

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