2006-10-19 11:31:49 · 7 answers · asked by zfurr 1 in Business & Finance ➔ Credit
Yes - the discharged items should go away as well. Some creditors keep discharged stuff on your report out of spite - but you should see an increase in credit score.
2006-10-19 11:34:01 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Your score should be going up over time since the bankruptcy (lest you continue to charge up and not pay off debts).
Once it is off the report if you have made choices your ability to be granted credit should also go up.
FICO scores are not the only thing that lenders consider - your ability to pay, your current debt load, your character as a borrower are all calculated against your score...
2006-10-19 18:34:56 · answer #2 · answered by E-Rock 3 · 1⤊ 0⤋
Yes, that's the point of it only staying on 10 years.
But remember you have to be creating a new good history in the mean time-- bad things disappearing does not create good credit. GOOD CREDIT is what maeks a good score, so at the least you need to be getting a secured credit card and creating a new history.
2006-10-19 18:34:01 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes, but make sure that all accounts that are related to the bankruptcy, including collections etc are deleted as well and not just the public record.
2006-10-19 18:42:30 · answer #4 · answered by DENNY 1 · 0⤊ 0⤋
Actually, not much. Older information has less impact on your score than more current information. By the time an item drops off, it is barely registering in your score.
2006-10-19 19:39:50 · answer #5 · answered by STEVEN F 7 · 0⤊ 0⤋
You also have to re-establish good credit.
2006-10-19 18:39:17 · answer #6 · answered by chante 6 · 0⤊ 0⤋
I'm counting on it !!!!
2006-10-19 18:34:04 · answer #7 · answered by Anonymous · 0⤊ 1⤋