Posted on: 05th Jul, 2009 02:07 pm
If i file Chapter 7, how long until my credit is goood again?
hi guest!
welcome to forums!
chapter 7 bankruptcy would reduce your credit score by around 200-250 points. moreover, it would remain in your credit report for 10 years. it would depend upon the steps you take to improve your credit score. once you get discharged from your bankruptcy filing, you should start taking steps to improve your credit score. you should start paying off your bills on time. you may even go for one or two secured credit cards. this will help you in building your credit score. to know more about improving your credit score, check out the following page:
http://www.mortgagefit.com/credit-rating/credit-repair.html
feel free to ask if you've further queries.
sussane
welcome to forums!
chapter 7 bankruptcy would reduce your credit score by around 200-250 points. moreover, it would remain in your credit report for 10 years. it would depend upon the steps you take to improve your credit score. once you get discharged from your bankruptcy filing, you should start taking steps to improve your credit score. you should start paying off your bills on time. you may even go for one or two secured credit cards. this will help you in building your credit score. to know more about improving your credit score, check out the following page:
http://www.mortgagefit.com/credit-rating/credit-repair.html
feel free to ask if you've further queries.
sussane
Welcome,
IF you declare bankcrupcy then your credit will be hurt.
For recovry , You must wait 6 years to file again. If your bankruptcy was dismissed, you must usually wait for 180 days to refile.
So try to avoid bankcrupcy for future plannning.
Best Luck..
Aksh
IF you declare bankcrupcy then your credit will be hurt.
For recovry , You must wait 6 years to file again. If your bankruptcy was dismissed, you must usually wait for 180 days to refile.
So try to avoid bankcrupcy for future plannning.
Best Luck..
Aksh
It depends upon different conditions and the steps you take to make your credit good again
the standard saying is that it takes seven to nine years. you can do to get your credit score moving back up after you've filed for bankruptcy .these things you can do are some of the more basic things that you would do as if there weren't a bankruptcy on your credit report.
to be sure, it is a difficult time to find yourself in the position of filing bankruptcy and there is no set amount of time that ensures your credit score will rise again,
thnaks
to be sure, it is a difficult time to find yourself in the position of filing bankruptcy and there is no set amount of time that ensures your credit score will rise again,
thnaks