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There is no set credit score that everyone is assigned after filing bankruptcy. How much your credit score drops depends on a lot of factors, including how many debts you discharged, what your score was before you filed, how many secured debts you reaffirmed, and what type of debts were discharged. Hope this helps!

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โˆ™ 2011-04-29 20:21:09
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Q: What is your credit score after filing chapter 7?
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Can bankruptcy hurt you?

Whether you are filing Chapter 13 or Chapter 7 bankruptcy, your credit score will be directly impacted for 7-10 years AFTER you exit protection.

If your credit score is 565 after filing a chapter 7 bankruptcy that is not discharged will it lower more when the discharge becomes official?

Most likely, yes. One of the biggest effects that filing for bankruptcy has is on your credit. Bankruptcy will stay with your credit for roughly 10 years and because of that your score will decrease, at least initially.

If you convert a chapter 13 bankruptcy to a chapter 7 will this further affect your credit scores?

Yes converting a Chapter 13 to a 7 will further lower your credit score. It will show up on the public records section at the begining of the credit report. Once as an terminated chapter 13 and a second public record showing the filing of the Chapter 7. Each public record reduces your score. You can potentially be discharged from a Chapter 7 sooner and that's will be the time the clock will start ticking to eventually make it disappear from your credit report which I believe is 7 years for most derogatory entries

Can i get credit card after filing Chapter 7?

I filed Chapter 7 last year and when I applied for a credit card this year I was denied and the reason was "bancruptcy".

What can be done to attain employment at 60years old after filing chapter 7 bankruptcy What if there is reasonable reason for filing chapter 7 Could the reason for bankruptcy be told to the employer?

How to get after job filing chapter 7 bankruptcy once it appears on the credit report

If you are about to get married and you are filing Chapter 7 bankruptcy will this bankruptcy affect your spouse in any way after the marriage?

It will only affect the non-filing spouse if the couple apply for some type of joint credit, such as a home mortgage. It will not affect the new spouse's credit report/score.

How long does a chapter 13 converted chapter 7 stay on credit report?

Ten years from the date of original filing.

How long does a discharged Bankruptcy stay on your record if you filed in 2003 in California?

Unfortunately, filing for bankruptcy has a major negative effect on your credit, which as you probably already know can effect a lot of your future money issues. Bankruptcy, whether chapter 7 or chapter 13 stays on your credit report for at least 7-10 years after filing and just because it is off does not mean that your score will automatically increase-that is something you have to work for!

Can you change your bankruptcy filing from Chapter 13 to Chapter 7?

can you change your filing from chapter 7 to chapter 13 ?

Can you get a car loan after a chapter 7 bankruptcy?

Yes you can if you have a fair credit score.

If your credit score is 535 after filing a chapter 7 bankruptcy that is not discharged will it lower more when the discharge becomes official?

Your credit rating after bankruptcy is based on a number of factors. Many people are consider a good credit risk after bankruptcy if they have no debt and a job. Visit my web site for an article on rebuilding credit after bankruptcy: score raised from 530 to 572 when I received my chapter 7 dicharge.

How after filing chapter 13 to file for chapter 7?

You may file for Chapter 7 at any time after filing Chapter 13.

How would filing a Chapter thirteen then converting to Chapter seven affect your credit score if you have one?

I would guess that it would initially cause your credit score to go down a few points ... but look on the bright side -- you would be immediately and permanent OUT OF DEBT! I filed a Chapter 7 four years ago and already my FICO score is back in the 700s, and I have no problem getting credit cards, car loans, etc. All the money I used to put toward debt now goes into investments, and my future looks bright ...

How long after filing chapter 7 bankruptcy comes off of your credit reports?

10 yrs. after its dismissed.

How long is a chapter 13 bankruptcy on your credit report?

Though legally it can be reported for up to 10 years after filing, most credit bureaus remove Chapter 13s after 7 years.

Is it possible to buy a home after filing chapter 13 then chapter 7 bankruptcy?

Yes, it is possible but there are circumstances. Time is a big factor, that is how much time has passed since the chapter 7 was discharge? I know of lenders who will provide loans just one day out of bankruptcy. But a fairly decent credit score has to be there and if its a refinance there has to be some equity in the property.

Mortgage lates after filing chapter 7 Can a mortgage company report lates after filing of a chapter 7 and before a discharge?

Yes. That reporting to a credit agency of an item of fact, is not an attempt to collect the debt. Your not expecting you mortgage debt to be discharged are you?

Does a Chapter 13 stay on your credit report 7 years after the the discharge date or from the date filed?

I disagree with the earlier comment. As documented in many places, the date of FILING is what matters. It will stay on your credit report for 7 years from the filing date

When does the 7-year removal from your credit apply?

7 years from discharge (not filing, but actual date of discharge) of a Chapter 7. Don't know about a 13.

What is the score that filing chapter 7 bankruptcy drops your credit to?

There is not a specific score that your credit drops to after a bankruptcy. Your credit doesn't only depend on that one thing, but the rest of your credit history as well, and sometimes it will go up on certain credit reports since now you will compared to other people with bankruptcies on their record, instead of other people without. See the related links for more information.

If you just divorced and already have foreclosures and repossessions on your credit report will filing bankruptcy help your credit score?

No, filing bankruptcy will never help improve your credit score, it stays on your report 10 years whereas a repo or foreclosure normally remain 7 years. So bankruptcy would only make your credit worse.

Once a chapter 7 falls off your credit report how much will your credit score go up or will this have an affect on your credit score?

I had a 670 score the month before it dropped off, and when it dropped off it went up about 50 points. In that period (ten years) I never had one late payment, so you can recover from a Chapter 7. It just takes time.

Would filing chapter 7 bankruptcy clear foreclosure from your credit report?

No, in fact it will leave a Bankruptcy record on your credit report for 10 years.

If you had a Chapter 7 bankruptcy in 2003 would your personal credit score and business credit score be separate so that you could obtain funding to open a small business?

A Chapter 7 BK is very tough to see past. Short of waiting the required time period you may work on your business credit separately.

How long does a chapter 13 conversion to a chapter 7 stay on your credit report in Wisconsin?

It will approximately take Ten years from the date of original filing of bankruptcy.