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 Credit Scores
Profile Image

Question By
walene63

2 Contributions
0 People Helped
Score Will Look Soon
why did my score go down? my bankruptcy is over effective 7/1/2014, the car for my son's car to be removed on 9/1/2014. how will I look then?

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-4 of 4Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
2 Contributions
0 People Helped

Bankruptcy Will Be Dismissed 7/1/2014

 What will my score be  after this?

2 Contributions
0 People Helped

Repossession of on's car I did pay

 I had  gotten an attorney  and did  Pay $3,000,  for my son 's car comes off my credit  report  9/1/2014 How will I lok then?

Top Contributor
1132 Contributions
1210 People Helped

If you are coming out of a BK. (being discharged) Then you will have to rebuild your credit... No one really knows how much your score will be affected though....  Read up on the articles on this site and learn some good tips on how to rebuild your credit. Good luck my friend...

Top Contributor
1884 Contributions
3675 People Helped

No one knows

The algirithums that CRA's and lenders use are all different.  The reality is that if you check all 3 CRA's and FICO you will probably get different scores from all of them and it woould still be different than a lenders score.

There is NO way to know how all this will affect your score.  You will need to start rebuilding your credit.  The fact that these Derogs will be coming off your report doen't mean that you score will automaticly shoot up. In fact until you start the rebuilding process and have a more recent history it will probably not change at all. 

Good Luck

Results 1-4 of 4Results 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.