Comments on: I filed Chapter 7 bankruptcy in 2001. When it is taken off my report, how much is my credit score going up?

By: acermill

acermill — Sun, 18 Jul 2010 02:24:57 +0000

A bankruptcy isn’t going to disappear in 2008. Bankruptcies are normally retained in a credit file for ten years from the date of filing/discharge, as allowed under law. Certain debts, including bankruptcies and tax liens are exempt from the seven year elimination requirement.

By: pretty momma

***pretty momma*** — Sun, 18 Jul 2010 02:24:57 +0000

It will get better after 2008. If you do decide to get a credit card you will probably have a very high interest rate because of the low score.

By: ZinaRae

ZinaRae — Sun, 18 Jul 2010 02:24:57 +0000

You’re going to be hard pressed to receive a credit card with a low 600 FICO score. You’re FICO will not raise after the discharge of the BK. It can be even worse. If you have "no credit" you’re a bigger risk than someone who has shown they are a risk. Not knowing is more frightful to your credit score, as they don’t know what you’re going to do. Wait until the discharge of the BK, then try for a credit card. Good luck.

By: gazelleintense.com

gazelleintense.com — Sun, 18 Jul 2010 02:24:57 +0000

chapt 7 stays on your report for 10 years….

By: happyfacemommy

happyfacemommy — Sun, 18 Jul 2010 02:24:57 +0000