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How many points can your credit score rise when a chapter 13 bankruptcy falls off?

Posted by admin on January 27th, 2012

Question by merika2324:
How many points can your credit score rise when a chapter 13 bankruptcy falls off?

Best answer:

Answer by KL
The bankruptcy not being reported any longer doesn’t cause your scores to increase…it just doesn’t have a negative impact any longer.

To increase your score, you have to re-establish credit lines.

Know better? Leave your own answer in the comments!

Posted in good credit score Tags: bankruptcy, Chapter, Credit, falls, many, points, rise, Score

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One Response to “How many points can your credit score rise when a chapter 13 bankruptcy falls off?”

1. sdmike says:

   01/27/2012 at 5:20 pm

   It will jump significantly, but remember, the BK “falls off” 10 years after the DISCHARGE date when you finish making payments – not after the Filing date when you begin making payments.

   There will be a modest increase when you finish making payments. Now you have to re-establish your credit. Get a couple accounts (like a gas card) and make the payments on time. This will re-establish your reputation for paying your bills on time.