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How Bankruptcy Will Affect Bad Car Loans and MortgagesNo, the delinquent car loan and mortgage will not be wiped from your credit report. It will read as “included in bankruptcy” and will have a $0.00 balance. If you go for a Chapter 7 bankruptcy it will take longer to be removed from your credit report as it takes 10 years versus going the Chapter 13 route for bankruptcy. |
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