• spaphy@lemmy.ml
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    11 months ago

    How has bankruptcy affected you when you’ve gone to apply for things? Has there been any real long term effects when you apply for like a house or car loan?

    • figaro@lemdro.id
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      11 months ago

      After 7 years the bankruptcy disappears from your credit report. After that it’s like it didn’t happen.

    • TheGalacticVoid@lemm.ee
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      11 months ago

      Bankruptcies fall off your credit report after 7 years. I think the only thing you are blacklisted from after that 7 year period is the bank that credited you and lost money.