Posted by River City on May 03, 2006 at 09:13:36:
A judgement may appear on your credit report for seven years. A bankruptcy may appear on your credit report for 10 years. This is what the Fair Credit Reporting Act has to say about the way a bankruptcy or judgement can impact your credit report:
TITLE 15 > CHAPTER 41 > SUBCHAPTER III > § 1681c Prev | Next
§ 1681c. Requirements relating to information contained in consumer reports
Release date: 2005-08-01
(a) Information excluded from consumer reports
Except as authorized under subsection (b) of this section, no consumer reporting agency may make any consumer report containing any of the following items of information:
(1) Cases under title 11 or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years.
(2) Civil suits, civil judgments, and records of arrest that, from date of entry, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period.
(3) Paid tax liens which, from date of payment, antedate the report by more than seven years.
(4) Accounts placed for collection or charged to profit and loss which antedate the report by more than seven years.
(5) Any other adverse item of information, other than records of convictions of crimes which antedates the report by more than seven years.
If you want to read more, go to this website: