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Question about bankruptcy...and a comment

Regular Contributor

Question about bankruptcy...and a comment

I've been watching CNN and the Dow has plunged about 400 points, which they are blaming on the subprime housing market..and the dubious state of credit in the country. So if everyone stopped using credit, we could grind the economy to a halt!!!!!!!!!! Smiley Very Happy
 
Once a bankruptcy drops off your record....how much will one's FICO score increase? How much does a bankruptcy count?
ZenYoga
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Established Contributor

Re: Question about bankruptcy...and a comment

BK impact while significant trails off after several years... However you will see an uptick. And it will depend on your current FICO health as well.

Rob
Message 2 of 2