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I had a bankruptcy in 05, and I also had some accounts then that were 90+ days delinquent im sure. and one or two 30 and 60s, but I also hd alot more GOOD accounts too. But now I have the bankruptcy and the delinquencies on my report.

Now I know that a bankruptcy is like a black mark, and stays on up to 10 years. However, what about the other delinquencies?

what about late payments UNDER 30 days? or over the limits? or if you overdraw your checking account, or more minor things like that?

What about using more than 40% ish of your credit limit? etc.

I don’t understand why credit cards extend you these high limits, if technically, they never want you using more than 40% of the limit?

That I never understood.

Also if you carry really high balances, how many weeks/months can they stay there until it really starts to affect your score greatly?

there are so many factors that it’s so hard to decide, but right now it’s pretty much depressing because it’s 2009, and I realize that I’m only about 4 years into my bankruptcy being on my credit score time frame, and I still see the other negatives, and I’m just royally depressed over it, because I feel like my life for the next several years as I know it, is OVER, and after that, it’s going to be questionable how I’m going to do, or what credit/banks will approve of me.

I mean, some say, the fact that you went bankrupt stays there for life, otehrs say it doesnt matter at all after a time frame.

It all just makes me feel like, I should just give up and jump over a br9dge or something, because it feels like…it’s over. I messed up and now…I’ll never be good enough.

It’s also depressing knowing that kids who are like 22, could have better credit scores and better opportunities than me.

Can anyone offer some positive hopes for me because I’m pretty depressed over it. To be fair to myself, my credit score was in the 600 range , so that’s not TOO bad considering the bankruptcy, etc, and I already have new credit cards which I established back in 2007, so i’ve been developing a steady (now two year) positive credit history.

However my credit scores seem weird too. Experian has me lets say at 680…Transunion has me around a very unrealistic 710,…and equifax has me at a depressing 590. So its like…why are they fluctuating so much?

It’s all confusing, I have NO idea where I truly stand,..and every credit report has me at different numbers with different things.

I don’t even know what to do anymore..HELP!

2 Thoughts on How long do different negatives stay on your credit report & influence your credit score?
  1. Reply
    June 23, 2011 at 12:56 am

    Calm down it’s not as bad as you think, first of all Experian and TransUnion both now use the Vantage score system only Equifax still uses FICO and there is a huge difference. FICO scores from 300 to 850 while Vantage scores from 501 to 990 so this explains the difference in your scores.

    As far as the delinquencies go they will show for 7-years but only for the first 24 months will anyone be able to tell how old they are. Any payments made late but not 30 days or over late are not reportable to the bureaus as late.

    As far as the credit card companies go they do want you to use all of your credit so they can make all of the interest but if you use over 30% of it then your score takes a hit because of the FICO system.

    Your BK will show for 10-years and any delinquent accounts will show for 7-years including the ones that you included in your BK.

    The best thing you can do is use your credit cards for everyday things never exceed 30% of your credit limits and pay them off in full every month this will do more for building your score then anything else.

    I know I went through this back in 2001 and now through hard work and a plan I now have better credit then I did before the BK even though it still shows on my reports.

  2. Reply
    June 23, 2011 at 1:22 am

    1. With the exceptions of bankruptcies and unpaid tax liens, most negative things stay for 7 or 7-1/2 years.

    2. The credit card companies that extend those limits DO want you using more than 40%. The OTHER credit card companies, to which you are applying, do not want you using more than some percentage of the limits from their competitors.

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