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PUBLIC RECORD
Information that appears on your Credit Report may include some of those items
which are a matter of Public Record.
- Bankruptcy
: A Chapter 7 bankruptcy can appear on the credit report for 10 years. A
Chapter 13 bankruptcy can appear for 7 years. In a Chapter 13, the debtor usually agrees
to pay all or part of the outstanding debts. If the debt is to be paid anyway, why damage
the Credit Record to this extent? DCS is available to assist debtors avoid this
devastating mark against your credit history.
- Foreclosure
: A foreclosure may remain on your report for 7 to 10 years. If a
deficiency balance remains after the foreclosure, there may be a judgment filed.
- Judgment
: A judgment will remain on the credit report for 7 years or the state
limit, whichever is longer. A judgment may be renewed if the debt is not satisfied. A
judgment may not be renewed if the account has a $0 balance. A creditor has up to 4 years
to file for judgment on a delinquent account.
- Tax Lien
: A tax lien may remain on the credit report for up to 7 years from the date
of $0 balance on the account.
- Felony Conviction:
"Arrest only" does not appear. Convictions may appear
on the credit report and may affect future employment.
- Divorce
: Allocation of child support may appear on the credit report.
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