cancel
Showing results for 
Search instead for 
Did you mean: 

bankruptcy

tag
Anonymous
Not applicable

bankruptcy

i'm new to this.  My bankruptcy is almost 8 years old. Can they still score it as if it were new?  Also two of my older credit cards gave me new accounts.  Do they treat this as new action?
Thanks
Message 1 of 3
2 REPLIES 2
Tuscani
Moderator Emeritus

Re: bankruptcy

 
Derogs have less of an impact as they age.
Message 2 of 3
Anonymous
Not applicable

Re: bankruptcy



casinoannie97 wrote:
i'm new to this.  My bankruptcy is almost 8 years old. Can they still score it as if it were new?  Also two of my older credit cards gave me new accounts.  Do they treat this as new action?
Thanks


Yes to both... BK will reduce impact on FICO as time goes by but lenders often look at BK from a pass/fail prospective. New TL is a new TL--- Hx and all starts over.

Rob
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.