My girlfriend filed for bankruptcy. after it is discharged does her credit score stay the same? or?

Answer 1

Credit scores are always in flux, depending on what is happening. Her credit score is going to plummet for a while, but she can start to slowly rebuild it right away.

Answer 2

My girlfriend filed for bankruptcy. after it is discharged does her credit score stay the same? or does it go into the toilet ?

Look towards the toilet. Her credit score, while already damaged from numerous issues, will drop even farther for a period of time. Bankruptcies are not considered a good thing in the world of credit.

Answer 3

At first it will drop about 100-points.

She needs to get a credit card I recommend Orchard bank and use it for everyday things like gas and food being careful never to exceed 30% of her credit limit in any given month and pay in full before the due date.

This will do two things, first it will establish a good pay history which makes up 35% of your credit score and second it will avoide interest charges.

After 10-12 months she should be able to get a better card and do the same thing, but do not cancel the first card until she has at least 10-12 months on her new one.

After this she will have re-established her credit score and will be able to start working on her installment credit.

Answer 4

I will be better, still very low, but better to have the debts discharged than still owing. All she has to do now is get "ONE" credit card, and get just alittle on it monthly, like gas or something, and make the payments on time to start rebuilding. Trust me, been there, done that.

Answer 5

her credit score wont matter now, bankruptcy follows you for 7yrs min. and with the new stricter laws to qualify, her credit is shot for years to come. if she needs credit, have her get prepaid visa, mc, or amex cards and live on a budget.

Answer 6

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Good one! Love it.