Will a repo come off my credit report if I go bankrupt?

I was wondering if I have a reposession on my credit report will it come off if I go bankrupt or will I have them both on my credit report?

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Posted January 28th, 2010 in How To Go Bankrupt. Tagged: , .

7 comments:

  1. Jack:

    You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments – buildcredit.ifastnet.com

    January 28th, 2010 at 4:41 am
  2. sunshine:

    No but the bankruptcy will be added

    January 28th, 2010 at 4:41 am
  3. Claire:

    if your bankrupt everythings off your credit report, trust me…i just went bankrupt last year. best of luck to you, its a hard time but onces your over it…its like your 18 again with a fresh credit score :)

    January 28th, 2010 at 4:41 am
  4. Jan Luv:

    it will all stay on your credit report for 10 years.

    January 28th, 2010 at 4:41 am
  5. King Julien:

    Nothing ever leaves your credit report. Going Bankrupt looks horrible on your credit report. Its the worse thing you can have other then severe delinquency.
    To the person above. Its not like being 18 again. You have a lower credit score and you are considered an even higher risk.

    January 28th, 2010 at 4:41 am
  6. Nomis:

    I’m not 100% certain, but I believe the bankruptcy itself is a pretty bad addition to a credit report. The repossession will also remain.

    Most importantly, you should talk to a bankruptcy lawyer about this stuff… it’s pretty serious. I wouldn’t base any decisions about this on something you read here, even if the person claims to be a lawyer.

    January 28th, 2010 at 4:41 am
  7. STEVEN F:

    The repo HAPPENED. That FACT will be reported for 7 years. The bankruptcy will be reported for 10 years. Given the impact of the bankruptcy, the repo will no longer effect your FICO score. The equivalent of a smashed door on your car doesn’t matter when you drive off a cliff.

    Claire: Your answer could not be less accurate if you tried.

    January 28th, 2010 at 4:41 am

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