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!

Question

Posted in Bankruptcy
Profile Image

Question By
restinginhim

0 Contributions
0 People Helped
how will bankruptcy affect my credit score?
considering doing a bankruptcy. how does this change my credit score?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

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

depends on how bad your credit is now

In Aug 2012 my credit scores were just under 480.  Had a ton of stuff in collections for a long time.  Timeframes for some were starting to run out so they started issuing judgements.  Had 2 judgements kick in garnishments at the same time so filed BK in October 2012.  Within a few months my scores jumped to well over 500.  BK was discharged Jan 2013 and scores were around 550.  Had my BK attorney correct the remaining errors after the discharge and that bumped my score to around 570-580.  Started a small secured loan with my local credit union which bumped it up a few more.  By March 2013, my scores were around 590 which allowed me to get a used car loan thru my credit union at 13% for 4 yrs for a 2006.  My CK score is currently 597 and my 1st car payment has not been reported yet which should help.

Result 1-1 of 1Results 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.

SIGN UP NOW

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.