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I filed for bankruptcy 8 years ago; does it still affect my credit score?
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DuelleMarley
8 months ago
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Bankruptcy is one of the worst negative entries you can have on your credit report and will likely remain there for 10 years. From the time you file bankruptcy, your credit score will take a huge hit and you might find it more difficult to get loans or credit card approval for the first few years. But it won't last forever and as your credit report improves with responsible actions towards healthy credit, so will your perceived creditworthiness to lenders and your access to credit.
Credit Karma offers tips about good credit health: http://www.creditkarma.com/article/5StepsTowardsHealthyCredit
chuyskywalke 2 months ago
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Once a bankrupct period has cleared, how is your credit score improved?
cropchick 8 months ago
After I declared Chapter 7 in 2003, it wasn't long before credit card offers began pouring in. Two companies agreed to replace my cards if I would pay the balances. My mortgage co. even offered to do a re-fi to a lower rate. Is this typical?
Wes77 7 months ago
Bankruptcy is one of the worst negative entries you can have on your credit report and will likely remain there for 10 years. From the time you file bankruptcy, your credit score will take a huge hit and you might find it more difficult to get loans or credit card approval for the first few years. But it won't last forever and as your credit report improves with responsible actions towards healthy credit, so will your perceived creditworthiness to lenders and your access to credit.
Credit Karma offers tips about good credit health: http://www.creditkarma.com/article/5StepsTowardsHealthyCredit
chuyskywalke 2 months ago