Ace the FCRA 2025 Quiz – Unleash Your Fair Credit Superpowers!

The maximum duration for a bankruptcy to remain on a credit report is ten years from the date of filing, which is consistent with the guidelines established by the Fair Credit Reporting Act (FCRA). This time frame applies to Chapter 7 bankruptcies, which are typically used for cases involving total debt relief.

Having a bankruptcy on a credit report for ten years can significantly impact an individual's credit score and their ability to secure new credit, as creditors often view bankruptcies as a sign of higher risk. Chapter 13 bankruptcies, which involve a repayment plan, may remain on a credit report for a shorter duration, typically seven years. This distinction underscores the different implications of various types of bankruptcy on creditworthiness.

While the question includes options that suggest durations of five or fifteen years, they do not align with the FCRA regulations regarding the reporting of bankruptcy cases. Therefore, ten years is the accurate and appropriate answer regarding how long a bankruptcy, particularly Chapter 7, can remain visible to potential creditors on a credit report.