Which Credit Card Companies Delete Tradelines After BK7 Discharge?

[BrianKeith]

Hi, all! I'm in the planning stages, and trying to figure out a few timing issues, but I'm mostly thinking ahead to rebuilding. I've never had a 30-days late in my life, and I will be reaffirming 2 loans, so I don't want to mess up my rebuilding head start with lates. I'm also just about out of money, and need to figure out the best timing so that I don't spend needlessly, and so that nothing looks preferential or planned. This is just one consideration...

Some credit card companies delete tradelines after discharge. For example, I have heard that this may be true for Synchrony. In your experiences, which tradelines (if any) have disappeared from your credit files after discharge? And how quickly did that happen? Also, how long ago did you file? (what was true 5 years ago isn't necessarily true now)

I am especially curious about Citibank, Barclays, Synchrony, Discover, Comenity, and CFNA, but there's a bunch of smaller ones too.

Thank you!

[justbroke]

Welcome to BKForum.

I don't know of any that delete tradelines. The only thing that should happen is that the tradeline is marked as "Included in Bankruptcy" (IIB) or otherwise marked as discharged in a bankruptcy. The second thing is that the balance is set to $0 and the account marked as closed.

I don't know of any judges, at least in Florida, that would allow an unrepresented debtor to reaffirm an unsecured debt. It makes no sense to reaffirm an unsecured loan. There are exceptions for credit union-held debt but I don't know what happens if the debtor is not represented.

If you are talking about reaffirming a car or home loan, please talk to your attorney about whether it is required. For cars, you may be able to redeem the vehicle using a 722 redemption loan.

Do not think about rebuilding, yet. Think about filing your Chapter 7 bankruptcy. After discharge, you will be flooded with "subprime" lending opportunities. These lenders are sophisticated and know that you can't file another Chapter 7 for 8 years and you would have no debt at discharge (excepting a home or car).

Please see shipo's Outline for Rebuilding Credit for specific ways to enhance your credit profile after discharge.

[shipo]

BrianKeith, it seems you're getting the same basic response (only more detailed) here as you got on the other forum.