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Typically bad debts will remain on a
consumer’s credit history for seven years. from the date of the delinquency.
However a creditor may, by way of a Motion in the State Court, revive a Judgment
against a Debtor for a period of up to 20 yrs. If one files a Chapter 7
Bankruptcy it could remain on one’s credit history for ten years. The good news however, is that a bankruptcy clears up your
outstanding defaulted loans and creditors are usually more apt to extend credit
to a person discharged in bankruptcy as compared to one with current outstanding
defaults.
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