Thursday, July 12, 2007

Filed chapter 7 7 years ago. Will my credit score increase when it come off my report?

I filed a chaper 7 in early 1998. When it is deleted next year Im hoping my credit score will increase. I haven't been able to find any info on how much it will impact my credit score. Do you have a rough idea how many points a persons score usually goes up when a Chapter 7 comes off their file??

Thank you
Will my score increase when my chapter 7 comes off my report?
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"majors@oskie.com" / to Chapter 7 Will my score go up? / Jun 25
It should have almost no impact
IF
you are already "Working the Credit Help Program"
you have 3 open and rated lines of credit.
All of which should have more than 2 years on the books by now.

It will have very little impact if any
2 years back from today is 80% of your credit score.

You might get 10-25 points.

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