Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!


Posted in Bankruptcy
Profile Image

Question By

0 Contributions
0 People Helped
bankruptcy with credit score of 715, no negative creditors
I strated with 514 and now its 715. I disputed the creditors and now show I open account and one closed, but I owe discover 32k and they went to court to persue me for ten more years. since no one is kisted negatively on my report(s), and I still owe thsat debt, how will bankruptcy affect my GOOD score?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

All Responses

Results 1-8 of 8Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
2 Contributions
30 People Helped


Helpful to 26 out of 32 people

Unfortunetly, I had to file for backruptcy. It will be less than a year that I had to file. My credit score has bounced back to 680 before I filed it was less than 550. I was able to finance a new car with the interest rate of 12% and my credit card at 10%.  I make all my payments on time. I guess backruptcy isn't for everyone but when you are in dept of over eighty thousand. Sometimes bankruptcy may be one of the only solutions. Good Luck

Top Contributor
84 Contributions
80 People Helped

Credit easier after Bankruptcy

Helpful to 6 out of 9 people

The reason people are able to get credit so easy after bankruptcy is that creditor knows you cannot file again for 7 years.  So they can garnish your wages, take money from your bank account with a court judgement and you can't do anything about it.

So if you file bankruptcy, take it as a fresh start and use credit wisely afterwards.  Don't get into debt trouble and you will be able to establish a good credit history over time. 

1 Contribution
7 People Helped

Helpful to 7 out of 9 people

How do I get all the information on what all I owe to be able to file bankruptcy?

1 Contribution
1 Person Helped


Helpful to 1 out of 1 people

How long does it take before you see your credit score change in bankrutpcy>

1 Contribution
5 People Helped

Helpful to 5 out of 10 people

File for Divorce.  You have to look out for you and your children.  That is if you have no love for this marriage..

1 Contribution
13 People Helped

Helpful to 13 out of 26 people

Don't file bankruptsy!!!!!  It will knock all your good credit away. Talk with them to see if you can make a workable repayment schedule or even a deal where you settle on a set amount and pay a lump sum payment to be done with it. Or get a lpoan to pay off discover which is hurting you and pay the lloan back. That will also boost your score up more

Reply by

7 Contributions
24 People Helped
Helpful to 14 out of 26 people

Bankruptcy does not affect your credit. I know a couple that filed backruptcy and within 6 months, they bought 2 new cards and were approved for a number of credit cards and their credit score was already up to 680!!! I  have no late payment on my report but one collection and can't get credit or get  my score up to theirs. I'm thinking maybe I'd be better off filing bankruptcy!

7 Contributions
30 People Helped

Helpful to 1 out of 3 people

its going to bring it down a lot but how do you have a 715 score wih a debit owed of 32k?

2 Contributions
30 People Helped

very confused

Helpful to 4 out of 13 people

I have been married for sixteen years but for the last four years me and my husband have lived separated. We never divorced, one o reason for that is we have four kids together. He also has really good health insurance at his job. We both had to file for bankruptcy.

I have been taking care of my credit, I pay my credit card on time and my car, also my insurance.

He on the other hand has not been doing what he should be doing by paying his credit cards on time.

Can his bad habits of not paying his credit cards on time be bad for my credit because were still married?

Is it better to just file for divorce?

Top Contributor

Reply by

61 Contributions
190 People Helped
Helpful to 1 out of 5 people

Yes you are married and so legally some of your debts can be considered mutual. It is in the best interest to get divorced. I waited and am still struggling to clean up my credit 9 years later as he had bad spending habits I was unaware of. 

Results 1-8 of 8Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.


Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.