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
Wayne2001

6 Contributions
10 People Helped
Just filed Chapter 7 with a 543 credit score and wanna know what my score will be after discharge?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Page 1 of 1   Previous | Next
Top Contributor
2386 Contributions
468 People Helped

Helpful to 2 out of 2 people

You can’t know until after discharge. I will say this though - mine was higher and kept climbing as I made an effort to rebuild my credit. Yours will be higher too but you won’t know how high until the time comes. 

Top Contributor
20 Contributions
135 People Helped

Helpful to 2 out of 2 people

I filed with a 407 score. It just discharged Jan 29 and my score now is 621. I have 3 lines of credit. Fingerhut, Discover secured CC, and a credit builder account. I was denied for a secured card by capital one.

Reply by
Wayne2001

6 Contributions
10 People Helped
Helpful to 1 out of 1 people

Thanks for into Roadrage. I was planning on the Discover it Secured Card as well. I think I'll stay away from Capital One sense one of my cards in the filing is theirs with a $743 charge off in collections. 

1 Contribution
0 People Helped

How is your credit score now? 

Top Contributor
20682 Contributions
5960 People Helped

Helpful to 0 out of 2 people

Too bad you didn't read the articles here BEFORE filing for  bankruptcy.  No one can say what  your score will be since there are so many factors to be considered,  but it is a fact that you willhave to rebuild your credit all over again and it is not going to be easy during the ten years that  this bankruptcy will be on your reports.  So, reading the articles now will be a lot of help.

Reply by
Wayne2001

6 Contributions
10 People Helped
Helpful to 2 out of 2 people

I had too many collections and was getting sued by 2 of my creditors. It was the fastest way to ensure I don't get my wages garnished. I've read and lots of people are able to get loans and credit cards within 3 months of discharge so I think I will be ok. 

Top Contributor

Reply by
Harry7900

2386 Contributions
468 People Helped
Helpful to 6 out of 6 people

I wish Credit Karma would ban you.  You are insulting and you don’t know what you’re talking about. You repeat the same garbage over and over. Have you ever filed bankruptcy and received a discharge? It is a proven fact that bankruptcy improves credit scores. The only thing you said that’s true is that you have to rebuild your credit after bankruptcy. The fact that bankruptcy stays on your credit report for 10 years does NOT mean your score is trash for 10 years. My score is 700 just 2 years since my discharge. You need to find another hobby.

Page 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.