alright, i understand that bankruptcy is bad. but, I now owe nothing, not from filing, but, because everything is paid for. my credit score sucks. high 5's. is there anything I can do to get it up? bad choice of words,I know. I still have revolving credit,via my home mortgage.whats the deal?
2006-10-23 01:27:54 · 3 answers · asked by heavyhauldad 3 in Business & Finance ➔ Personal Finance
just pay the bills that you have now on time and don't get anymore for awhile. there a people that will let you have things but the rate will be high. in time your score Will go up.
2006-10-23 01:40:11 · answer #1 · answered by teresa.edmonds@sbcglobal.net 3 · 0⤊ 0⤋
Not much is going to change that score until enough years go by. The credit score is meant to predict the chances that you will default on debt. Given that you have (as far as they can see) done so in the past, it takes time before the scoring system evaluates you as a moderate risk.
2006-10-23 01:35:56 · answer #2 · answered by Dentata 5 · 0⤊ 0⤋
First off, BAnruptcy is not BAD, the only thing that sucks, is that u have to wait one year before buying a house. Think of it as a fresh start, new credit, a new beggining....if you notice that you are not getting anywhere financially, and you feel you are helpless, then consider it. My parents went through it, and now they are building everything up again, its hard but defenitley worthwhile
2006-10-23 01:37:05 · answer #3 · answered by krispiemeow 3 · 0⤊ 0⤋