How long does bankruptcy stay on my credit report in the US?
Under the Fair Credit Reporting Act, a Chapter 7 bankruptcy remains for 10 years from the filing date. A Chapter 13 bankruptcy remains for 7 years from the filing date because it involves repayment of debt.
How soon can my FICO score recover after bankruptcy?
Scores often begin recovering within a year of discharge if you rebuild actively. Many people reach the mid-600s within 2 to 3 years by using secured cards, keeping utilization low, and paying on time, even though the record remains for 7 to 10 years.
Can I get a mortgage after bankruptcy?
Yes. FHA loans generally require a 2-year wait after Chapter 7 discharge (1 year into a Chapter 13 with court approval). Conventional loans typically require 4 years after Chapter 7. Rebuilt credit and stable income improve your terms.
What is the fastest way to rebuild credit after Chapter 7 or 13?
Open a secured credit card right after discharge, become an authorized user on a well-managed account, keep balances under 30 percent of limits, and never miss a payment. A credit-builder loan adds positive installment history.