Derogotory Info coming off
Date: Thu, 02/04/2010 - 02:38
I have 2 BK's on my report, although they were the same incident (Ch 11 converted to a 7).
The first one will drop off next month, leaving just under 2 years for the second to die.
Do you expect this will raise my score at all? I have 4 credit cards opened, and they are all at 0 balance. I have recently (last 4 months) paid off a car loan and a personal loan. There are no late payments recorded. In fact, the only black eyes on my report are the 2 BK's.
I don't know my Fico now, but a rep from the bank I had the car loan was trying to hook me into another loan, and he said I was at 660.
Thanks for taking the time to consider my situation!
The first one will drop off next month, leaving just under 2 years for the second to die.
Do you expect this will raise my score at all? I have 4 credit cards opened, and they are all at 0 balance. I have recently (last 4 months) paid off a car loan and a personal loan. There are no late payments recorded. In fact, the only black eyes on my report are the 2 BK's.
I don't know my Fico now, but a rep from the bank I had the car loan was trying to hook me into another loan, and he said I was at 660.
Thanks for taking the time to consider my situation!
Definitely the score would go up once you get rid of the bankrup
Definitely the score would go up once you get rid of the bankruptcies. It's good that you don't have any other negative info recorded in your report apart from these BKs. I'm sure your rate would move up once these drop off and you continue maintaining good standing on the other accounts.
