answersLogoWhite

0


Best Answer

Bankruptcy should be removed after 6-7 years from discharge, if you have another bankruptcy within 6-7 years, it will take longer to remove or could be permanently on your file

User Avatar

Wiki User

βˆ™ 11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Will bankruptcy automatically fall off credit score and when?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is an 808 credit score high?

An 808 credit score is very good, any score in the 800 range will qualify you for most financing. According to credit experts, you do not want to let your score fall below the 700 range.


What is considered to be bad credit?

The credit score range lies between 300 and 850. A bad credit score may fall between the numbers 300 and 660.


What date does a bankruptcy actually fall off your credit report?

6-7 years after the date of discharge


Where do you stand with A 562 credit score?

Most credit scores fall between 600 and 750.Your credit score depends on the particular scoring system used by the lender. Usually, the higher your credit score, the better your chances of getting approved for a loan with favorable rates. There can be room for improvement with a score of 562.


If you filed bankruptcy in 1997 in NC do you fall under the 10 or 7 year rule for removal on credit report?

I believe it doesn't matter what state you filed, bankruptcy is a federal matter. It will stay 10 years on credit reports!


What type of credit score is good?

A good credit score depends on some scoring system. Different scoring system has different scale. Most scoring scales fall between 600 to 750. A score above 700 usually suggests good credit management


Is a beacon score of five good with a credit score of 675?

The Beacon version 5.0 is the formula which was created by FICO (Fair Isaac Company) and is used by Equifax to calculate a credit score. Considering that the average FICO score in the US is 680, your score would fall just below average.


Advice on how to help my bad credit score.?

To help improve your credit score, you must pay off any debt that you have incurred on a credit card. Then you must limit your spending so that you do not fall back into debt and to show that you are serious about bettering your financial condition.


Good credit score?

A good credit score is what each of us aspires to. After all, a credit score is one of the important determining factors when it comes to borrowing money - and getting a low rate when you do. But trying to pin down a specific number that means your credit score is "good" can be tricky. After all, there are lots of different credit scores that lenders use when trying to decide whether to grant you a loan and one lender's "good" score may fall into another lender's "fair" credit category. (Not to mention, you may score differently from model to model.) Luckily, there are broad rules of thumb that can help someone figure out whether their credit is good or not.


You have bad credit and someone is helping you to bring your credit score up will doing a joint account with you make the person credit rating fall because i have bad credit?

No, the only thing that would affect their credit is the joint account, so just make all the payments on time.


What is the minimum credit score required to obtain a credit card?

There is no real definitive answer to this question due to the fact that credit card companies can set their own qualifying standards. However, the majority of companies use the FICO credit score model when evaluating a person's creditworthiness. The parameters of the FICO range from 300 (lowest), up to 850 (highest) credit rating. Suffice to say, that the majority of people fall somewhere in the 600 and 700 range. Using this credit score rating (FICO), an applicant for a credit card would find it difficult if their score was 600 (more precisely, 580)or below. This does not mean that they might not qualify, however, the amount of interest they would be repaying on their credit card would be significantly higher than someone who has a higher FICO credit score.


how to fix bad credit score?

Check Your Credit Score & Report Fix or Dispute Any Errors Always Pay Your Bills On Time Keep Your Credit Utilization Ratio Below 30% Pay Down Other Debts Keep Old Credit Cards Open Don’t Take Out Credit Unless You Need It