A bankruptcy filing remains on your credit report for ten years after you file. But there are a few things that every debtor should do once that ten year period is up after bankruptcy.
- Get a copy of your credit report from all three credit reporting agencies ten years after your bankruptcy filing. Of course, you should be checking your credit report every year, if not several times a year just to keep track of how your credit score and record has changed. You can get a free copy of your credit report from www.annualcreditreport.com once a year.
- Once you have a copy of your credit report inspect it to make sure that your bankruptcy filing has been removed, along with any associated accounts. It is required by law that the credit reporting agencies remove a bankruptcy filing after ten years, but sometimes, (rarely) this doesn’t happen. Also, other negative credit records such as a credit card or other loans that were discharged in bankruptcy should no longer show on your credit report.
- If you find that your bankruptcy filing is still showing on your credit report after 10 years, you need to write a letter and send it certified, return-receipt requested, telling the credit reporting agencies that your bankruptcy is 10 years old and must be removed as per the law. Once you send the letter, it will take the credit reporting agency about 30 days to investigate and you will receive a letter regarding their findings.
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