Credit Chronicles: Public Records

Mentally Financial with Gary B.: Real Talk, Real Struggles, Real Solutions

There are three main types of public records that can be included in credit reports. Each has a detrimental impact on your credit standing and may remain for up to 10 years.

• Bankruptcies: Chapter 7, 11, and 13 bankruptcies can be listed on your credit reports. The length of time they will remain there and the damage done to your credit standing depends on the type of bankruptcy in question and whether or not you adhere to the terms of the bankruptcy.
  But other than that, “there is no way to mediate how much a bankruptcy affects your credit score. It is what it is, regardless of the chapter filed,”
• Tax Liens: Courts often attach a notice known as a lien to property records in order to block the sale of the property until unpaid debts (e.g. unpaid taxes) are addressed.
• Civil Judgments: If a court finds that you owe another party money (e.g. child support), this will be reflected on your credit report.

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