4 ms·
> no one can even tell you were bankrupt For loans over a certain size (definitely anything mortgage size) there is no limit on the length of the credit report
by rootusrootus 5y ago
> no one can even tell you were bankrupt
For loans over a certain size (definitely anything mortgage size) there is no limit on the length of the credit report given to them. They may not care when it's been so long, but they can see it all.
- actually_a_dog 5y agoI'm going to say I don't believe this is true. However, I don't know for sure, and I also don't know the magic words to google to verify or disprove this. Can anybody point me to info on the web, or some of those magic words?
- rootusrootus 5y agoI do not really know exactly how to cite US code correctly, so I will just get you close enough to do a text search: Go here: https://www.law.cornell.edu/uscode/text/15/1681c https://www.law.cornell.edu/uscode/text/15/1681c Search on that page for "Exempted Cases" All of the language about how long negative information can be shown on a credit report is exempted when the loan principle is $150K or greater.