How long does chapter 7 stay on your credit?
If you have ever taken out a loan, you are familiar with the term "Chapter 7". This is a type of private bankruptcy that is used in the U.S. This article looks at how long Chapter 7 can remain on your credit, and why it’s so important to understand this when seeking financing.
There can be many reasons why you may need to file a personal bankruptcy through Chapter 7. But in order for you to recover financially, you need to know how long Chapter 7 will stay on your credit and how it will affect your future finances. Insiders also call this "credit repair".