Credit Card Center Advertiser Disclosure

New Member
Posts: 9
Registered: ‎08-12-2007
0 Kudos

What about negative effects on credit score after bankruptcy drops off?

Hi - I'm new to the myfico forums. I heard, I believe from Suze Orman, that once your bankruptcy drops off your credit reports, you will actually experience a significant DROP in your credit score because you are then compared to people who haven't filed bankruptcy, as opposed to while the bankruptcy is still listed. While it is still showing, you are grouped/compared to people who have filed and therefore the older your bankruptcy discharge and the longer your good history, you have an "artificially" higher score. I have a score in the 700s and my bankruptcy discharge will be 10 years old in October this year. What's going to happen to my score when October arrives? Thanks!
TU 786 2/27/10
EQ 795 2/27/10
Bankruptcy 1997 - Have faith, time and strict credit habits and you'll heal (almost) all wounds.
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0 Kudos

Re: What about negative effects on credit score after bankruptcy drops off?

This can happen.. Any drop would be short lived, however.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.