Posted on: 03rd May, 2012 01:36 am
Hi there, I surrendered my car and the car company reported the loan as a Charge off. After I receive a discharge from bankruptcy, will this be removed from my credit report?
I don't think the negative item will be removed from your credit report. However, you should note that the status of the item will be reflected as "included in bankruptcy".
Hi magsur,
Any negative item will remain in your credit report for 7 years. But as Niicss has suggested, the status of the item will get changed once it gets discharged in your bankruptcy filing.
Thanks
Any negative item will remain in your credit report for 7 years. But as Niicss has suggested, the status of the item will get changed once it gets discharged in your bankruptcy filing.
Thanks