Hi, i am new to the forums and I am curious about my credit score once bankruptcy is removed from my report this November.
12 years ago, my mom with excellent credit added me as an authorized user to her Discover card with a 20k limit and never pays interest. When I turned 18, I was immediately approved for credits; amex blue 5k limit, then united visa 10k limit, amex gold and platinum cards ( which i did not default on or include in bankruptcy). By 19 i had nearly 60k in credit avallable to me and charged up 16k.
Yes, this was the time when credit was easy to get but totally irresonsible on my part. I was infatuated by credit cards and basically lost all control after one year. I filed ch 7 in dec 2004, made some small mistakes but have been dilgigent and in good standing for about 5 years.
Current Fico score is 680. I have a few cards combining to about 12k in limits and utilization is at 21%.
I plan to be credit card debt free by july.
Will the removal of bk help me or decrease my score? Goal in then next 12 months 750.
