Re: How Many Years Does It Take To Bounce Back..
10-08-2012 11:52 AM
I think it's subjective tbh.
There are a ton of factors. Such as, Ch7 vs Ch13, what your credit has been like since the BK, why you originally filed for BK. Lenders will typically see you as risk until the BK falls off completely, which can take 7-10 years.
Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 705|EQ 690|EXP 698 (FICO)
What's in my wallet? Cap1 PLAT AU $1.25k; Cap1 Cash AU $2k; NFCU Siggy $23k; $4k WalMart DC; CFNA Firestone $2.2k; Amazon $2.1k; NFCU Cash Rewards $22K; AMEX BCE $18k; NavCheck $15k; Lowe's $10k; Citi DP $6.3k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
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