0
It means that you need to declare if you have ever been bankrupt. So if you have never been bankrupt you can say YES. However, if you have been bankrupt you need to say NO.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How many years do you remain blacklisted?
We will assume this questionis regarding filing Bankruptcy. You are never blacklisted during bankruptcy. It will remain on your credit report maximum of 10 years. That does not mean you will not be able to reestablish credit after filing bankruptcy during those years. What you will be able to obtain will depend on your payment history after the bankruptcy, the type of credit applied for and the length of time since you filed.
How long will it stay on your credit report?
what? do you mean a bankruptcy? 7 years or even more so depending on the states where you are in
What does no comparable credit mean?
This means that the person applying for credit hasn't received or applied for a comparable size loan or line of credit. It is not a positive thing, it would discourage companies from issuing credit.
Can you cosign for a car if you are filing for bankruptcy in the future?
If you are filing for bankruptcy, and you try to cosign -- two things can happen. 1. the lender will turn you down. 2. If the court finds out you have applied for credit the bankruptcy can be stopped. If you mean that the car and loan will be for you during or after the bankruptcy, this still has to be disclosed and again the bankruptcy can be stopped.
What does the voluntary dismissal of a chapter 13 bankruptcy mean for the debtor and creditors and the debtor's credit report?
When any bankruptcy action is dismissed for any reason the debtor(s) lose(s) bankruptcy protection. This means creditors may pursue collection of the debt, including, in most situations filing a lawsuit. A chapter 13 bankruptcy dismissal will remain on the debtor's credit report for 7 years.
How many years do you remain blacklisted?
We will assume this questionis regarding filing Bankruptcy. You are never blacklisted during bankruptcy. It will remain on your credit report maximum of 10 years. That does not mean you will not be able to reestablish credit after filing bankruptcy during those years. What you will be able to obtain will depend on your payment history after the bankruptcy, the type of credit applied for and the length of time since you filed.
How long will it stay on your credit report?
what? do you mean a bankruptcy? 7 years or even more so depending on the states where you are in
Can you cosign for a car if you are filing for bankruptcy in the future?
If you are filing for bankruptcy, and you try to cosign -- two things can happen. 1. the lender will turn you down. 2. If the court finds out you have applied for credit the bankruptcy can be stopped. If you mean that the car and loan will be for you during or after the bankruptcy, this still has to be disclosed and again the bankruptcy can be stopped.
What does no comparable credit mean?
This means that the person applying for credit hasn't received or applied for a comparable size loan or line of credit. It is not a positive thing, it would discourage companies from issuing credit.
What are the advantages of applying for college credit online?
If you mean applying for online college courses (for which you'd be getting credit), vs going to a physical classroom, then the advantages are saving on the cost of commute, flexibility of schedule, and often a lower cost for tuition.
What does the voluntary dismissal of a chapter 13 bankruptcy mean for the debtor and creditors and the debtor's credit report?
When any bankruptcy action is dismissed for any reason the debtor(s) lose(s) bankruptcy protection. This means creditors may pursue collection of the debt, including, in most situations filing a lawsuit. A chapter 13 bankruptcy dismissal will remain on the debtor's credit report for 7 years.
Do the terms buying and owning a home mean the same thing when applying for credit?
No, a house is considered a secured loan. When you apply for credit it will be either a secured or an unsecured loan.
You are a bankrupt charged by a bank but I have recently paid up all the debts How do you clear my name from the blacklist from bank negara?
Blacklist? You mean Credit Report we assume. Once bankruptcy has been reported to the credit bureaus, your credit rating is seriously affected, and that bad rating might stick on that report for anywhere between 7 to 15 years. Even though you have settled the entire debt (after the bankruptcy), you are still an "at risk" borrower based on prior history of not paying on time or not paying at all for whatever reason.
What is the meaning of bankruptcy trade lines?
What does it mean??? I had two credit checks done and in both of these that phrase was mentioned! I have never owned a home so why would the word bankruptcy be mentioned??? Someone answer me please!!! pbeckjr@gmail.com
If you filed for chapter 7 bankruptcy in 2002 how long does it stay on your credit report in California?
Filing for bankruptcy can have a lasting effect on your credit and that can cause some difficulties in getting any type of credit. Unfortunately, bankruptcy stays on your credit report for 7-10 years, after which time it is on your to work to get credit back!
How long does it take to rebuild credit after bankruptcy?
Most people are shocked to find they actually will start receiving offers for new credit once they file a bankruptcy case. Offers for secured and unsecured credit cards, car loans etc. You hear evidence of this everyday, just listen to the radio. Car advertisers or dealers saying, good credit, bad credit, Bankruptcy okay..... They mean it ,just don't expect to go in and command the best rates. Rebuilding is tough, make sure you make all payments on time no matter how small the debt.
If you make voluntary payments on a car loan that was discharged in a bankruptcy can they still report it as a repossession on your credit report even though the debt is not legally owed?
My guess is that they probably can still list a repo on your credit report. Normally you get a double-hit on your credit report when you surrender property in bankruptcy: you get hit with the bankruptcy (which knocks your credit score down by 75 to 150 points) and you get hit with a repo/foreclosure for the surrendered property. Just because a debt is discharged in bankruptcy doesn't mean that it won't be listed on your credit report, it simply means the debt is no longer collectable. The credit report will continue to show the debt on your credit report and should list it as "discharged in bankruptcy." Similarly, if a person surrenders a home in bankruptcy, the foreclosure still goes on their credit, and if a person surrenders a car in their bankruptcy, it still shows up as a repo on the credit report. So, my guess is that a repossessed car, even one for which the debt was wiped out in bankruptcy and one that was not repossessed for some time after bankruptcy since voluntary payments were made for awhile, will still show on the credit report as a repo when it is ultimately repossessed. I can't say this is a definitive answer, but this is how I think the process works. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
