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fico scoring

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Anonymous
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fico scoring

i have a bankruptcy that is 7 years 8 months old. i know it stays on reports for ten years but does it affect your score in the same way after 7 years.  i also have two credit cards that gave me new accounts with higher amounts and it made score go down.  transunion is the worst.  help!!!!
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smallfry
Senior Contributor

Re: fico scoring



@Anonymous wrote:
i have a bankruptcy that is 7 years 8 months old. i know it stays on reports for ten years but does it affect your score in the same way after 7 years. i also have two credit cards that gave me new accounts with higher amounts and it made score go down. transunion is the worst. help!!!!



The effects are lessened over time. After one year the new accounts will start to help.
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Tuscani
Moderator Emeritus

Re: fico scoring

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