Declaring Discharged Bankruptcy after 6 years

fermi

fiveyearplan wrote: »

I think fermi was just confirming Bolton Angel's statement.

Yep. .............

FamilyTreo

fiveyearplan wrote: »

I think fermi was just confirming Bolton Angel's statement.

Yes, sorry if that came across as rude. I just wanted to clarify that
I never intended on lying. Apologies to FERMI...

FamilyTreo

fermi wrote: »

The most important thing is to make sure that any default date recorded is not later than the bankruptcy date. That is the thing that if incorrect will make the entries stay on your files longer than they should.

I have just checked this info and you were spot on in pointing this out to
me. I should have posted the info back into this thread, but I started a new
one? If you get the chance, could you please look over it for me. Thanks.

lewt

tigerfeet2006 wrote: »

Yep! it will drop off your file after 6 years but if they have been defaulting you for 2 years after your AD then that puts extra time on the file with bad credit, which is why you need to do the clean up so they are marked to fall off your file the same time as the BR.

what do you mean by AD?

i have one thing that should be "falling" off my credit report this year will i have to do anything to get it cleaned?

tigerfeet2006

AD = Automatic Discharge.

If there are no defaults added after the BR date then it will all fall off the credit file on the 6 year date. If they have added defaults after the BR date then it won't fall off untill after that default date goes by. If it is only a month or two then it is not worth the hassle but if you are talking 9 months/a year or more then it will probably be worth cleaning it.