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I am talking about two periods. When the credit bureaus removes bad debit after 7 years and when bankruptcy it removed after 10 years. I know bankruptcy will stay in the report for 10 years (except trans union) for some of those debits still do not list the bankruptcy. I did fight the credit bureaus on those.
In the US bankruptcy does not stay on your credit report forever. Only 10 years. 7 years for trans union. Actually, I am using a credit card wisely but paying it off now.
Mainly. I am asking what happens when all your bankruptcy info, bankruptcy debits and charge off is all removed. Will my credit score shoot up or go down or go back like having no credit again. I already know for a fact all bad debit information is removed after 7 years and bankruptcy info is removed after 10 years.

5 Thoughts on What happen to your credit score after your bad debits & banrupcty is removed?
  1. Reply
    August 31, 2011 at 2:32 am

    Read some credit tips on this site

  2. Reply
    August 31, 2011 at 3:19 am

    Bankruptcy cannot be removed, after it is filed. It will stay on the credit report for 10 years, even if it is dismissed or withdrawn. Bad debts also even after they are paid they show bad at some point but currently paid. If it was an error then of course all these can be removed altogether (with consederable effort) and will change score postively in a big way.

    However having said that, after the charge offs are paid, they influence score positively anywhere from 20-50 points. It will take a good credit performance for a period of time, usually 3 years or more before the credit score are considered good risks by credit granters. Each situation is different. There is no standard answer in terms of points as to how much score will get better

  3. Reply
    Jackie J
    August 31, 2011 at 4:07 am

    You will still have a low credit score and you need to rebuild. I found the best ways to do this are
    1. Get a co-signer on a loan for a new car or something from the bank.
    2. Use a high interest credit company for a while once you have made a few payments go to the bank and refinance.
    3. buy some furniture or electronics from a big box store that offers the “don’t pay for a year” deal. Even with bad credit they will sometimes approve you. But make sure you pay before the allotted time is up or you will pay outrageous interest
    4. get a secured credit card (Citibank offers one) and use it but make sure you use only about 30% of you your limit and pay it of ( it lowers your score to max it out even when you pay on time)
    5. See if someone you know will put your name on their credit card, as long as they have good credit, you will then receive the rewards from their payments, but don’t use it.
    Good Luck.

  4. Reply
    August 31, 2011 at 5:06 am

    ??? what does trans union do???

  5. Reply
    August 31, 2011 at 5:39 am

    you got some replies but here’s some great reading, might take you a while though:
    if you get any luck please don’t forget about me lol, hope it helped you!

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