Credit Card Question & Answer

Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » I filed bankruptcy in Feb 2008 and never went through with it and paid off all my debts ...

I filed bankruptcy in Feb 2008 and never went through with it and paid off all my debts myself. This bankruptcy was dismissed by the court since I never went to the meeting of the creditors. Can I have this removed from my credit report?

Answered by , at
Add to Favorites:

Tags: , ,

Leo Zhu

No, unfortunately you cannot do this.

A Chapter 7 bankruptcy may display on your credit for 10 years from the date of filing. Chapter 13 may also stay for 10 years but it customary to be removed after 7 years. So the bankruptcy may be shown on your report from seven to ten years and is removed after this period‘s passed.

Although the bankruptcy is staying in your report for 7 – 10 years, it won’t necessary affect your credit score the entire time. You will be able to start rebuilding your credit after 1 – 2 years after bankruptcy discharged.

Yes, you will be able to get a credit account after 1-2 years, but the interest rates and fees will be extremely high because you are too risky for lenders. However you may find a card which is suitable to you but it won’t be easy.

Applying for a card may became the first step to a better credit and will cease the negative impact of the bankruptcy. For example you can apply for a secured credit card and improve your situation by using the card properly. You should show that you can manage the credit you’ve given – pay off your balance every month, pay the bills on time and don’t exceed the limit. Don’t forget to check your credit reports – track the situation.

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
No Annual Fee
For Bad Credit
Monthly reporting to the three major credit bureaus
For Fair/Bad Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit

Other Questions in
Limited/Bad/Fair Credit