Posted on: 24th May, 2012 02:24 am
After receiving my divorce order, I had panicked and filed a pro se chapter 13. Later on, I realized it was not the best path to deal with my problem. I faxed the court a voluntary motion to dismiss on that same day. For some reason my filing was incomplete so none of my creditors were affected. My credit report shows the filing and the dismissal which was finalized four days later. I realize I may have to live with this trashing my credit report for the next ten years. Is there any way to recover from my mistake and repair my credit? I spoke to a bank about a refinancing and they told me I would qualify except for the bankruptcy report on my credit report.
Chapter 13 will remain in your credit report for 7 years and not 10 years. Thus, the item will remain in your credit report for 7 years. As the bankruptcy has been dismissed, you can explain the causes when you apply for a new credit later on. If you can give proper explanation, then it will be easier for you get new credit.
Hi Epsom,
A dismissed bankruptcy is also considered as a negative item. So, it will also remain in your credit report for the next 7 years. You won't be able to remove it from your credit report. However, I agree with Niicss that you can explain the causes and try to get approved for a new credit. If you cannot qualify immediately, you may definitely qualify after 2-3 years.
Thanks
A dismissed bankruptcy is also considered as a negative item. So, it will also remain in your credit report for the next 7 years. You won't be able to remove it from your credit report. However, I agree with Niicss that you can explain the causes and try to get approved for a new credit. If you cannot qualify immediately, you may definitely qualify after 2-3 years.
Thanks
Hello Epson,
As far as I know, you can work on making your payments on time every month, possibly get a secured credit card from your bank and use it very lightly, paying it in full each month. It's important to take things slowly and carefully to avoid future problems, but it's also important to make sure you do things to build up a positive history. Be careful, but don't give up altogether.
:idea:
As far as I know, you can work on making your payments on time every month, possibly get a secured credit card from your bank and use it very lightly, paying it in full each month. It's important to take things slowly and carefully to avoid future problems, but it's also important to make sure you do things to build up a positive history. Be careful, but don't give up altogether.
:idea:
