if you have filed for bankrupcy almost two years ago, how long does it take to see your credit score improve?

Public Comments

1. Depending on the bankruptcy, it will take at least seven years.
2. you can do other things like pay bills on time, try for a new loan etc. It's going to take 7-10 years to get that bankruptcy off your record.
3. I think its seven years. Claiming bankruptcy will leave a mark on your credit report though, it may affect what type of credit you have for a while...
4. I understand it takes 7 years.
5. It wont just happen - you need to help it along. Improve your credit by obtaining one of those secured credit cards - you deposit $300 into an acct, they give you a card with a $300 limit, and the money is used to "repay" the credit. Helps tremendously... Takes 10 years for the bankruptcy to disappear off your credit. You can still buy necessities on credit (car, home), but you WILL Pay higher interest fees for it. Good luck!
6. about seven years until it drops off your credit report.
7. I believe it's 7 years.
8. 5-10 years, depending on your state. However, you can still improve your credit score by paying off loans on time. It won't automatically get better...it takes work.
9. The gentleman before me is correct, and it is a good 7 years for your credit score to improve after filing bankrupcy. It is highly advised that you seek financial advising/counseling from a reputable agency.
10. chapter 7 takes 10 years for your credit to be clear.
11. Bankruptcy is reported for 10 years.
12. According to Suzy Orman, when your bankruptcy is discharged your credit report goes into a special pool that others are in for bankruptcy. Your credit score will be high or low based on how you pay your bills compared to others in this pool. When the 10 years have passed the you come out of this pool and you will be compared to others that have not filed before and your credit score will go down until you rebuild you credit. So if you need a new house or car, the its best to finance during the 10 years, before the bankruptcy is taken off your credit report. Go to Suzy Orman's website and she will answer questions, or call into her show on CNN
13. After your bankruptcy is discharged, make sure you contact the credit bureaus and have them update your credit report. I recently filed and after contacting the credit bureaus, my score was raised by 30 points with one of them.
14. After BK You need to re-establish new good accounts since your starting over to show you can pay on time & get a better credit rating. I know this will be difficult, but many companies will give you credit after a bk. Worst case if they will not, then go to banks & open 3-4 secured credit cards (w/dif. banks). You give them a few hundred they hold in savings & that's how much of a credit card they give you. After one year of paying perfectly they will refund your deposit & it will no longer be secured. As soon as you get these, start using right way. Buy something & pay it off entirely when you get the bill. Do not ever use more than 50% of your credit limits as that lowers your score.