MMI offers a wide variety of financial services to help improve your financial life. No matter what your financial situation, we can help you to establish an plan of action for achieving your financial goals.
Knowledge is the key to successful money management. Our resources are designed to inspire and assist you as you begin to make positive changes in your financial life.
Interact with MMI in a variety of formats including email, videos, tweets, blog posts, and pictures.
Since 1958, MMI has been a leading provider of financial counseling and education services. We invite you to learn more about the organization and its leadership.
I filed bankruptcy more than seven years ago. I just ordered and received my credit reports from Experian, TransUnion, and Equifax. My reports show a status of DISCHARGED. My question is since it's been more than seven years how can I get my credit history to be more favorable. -Virginia
Dear Virginia,
A Chapter 13 bankruptcy stays on your report for seven years. If you filed for Chapter 13, the notation should be removed. To correct this error, you can file dispute forms with the credit reporting agencies. You should have received the forms along with your reports.
If you filed for Chapter 7 bankruptcy, the notation stays on your credit report for up to ten years. In this case, you’ll have to wait.
Either way, to improve your credit history, keep paying those bills on time and as agreed.
Ask the Experts
If you do not find the answer to your question in the archive, write to the Advice Team today! A member of the Advice Team will personally respond (by email) to your question by offering answers, helpful tips or solutions. This is a free service offered by MMI.