Chap 7 Bankruptcy ?

Discussion in 'Credit Talk' started by Jim, Oct 10, 2000.

  1. Jim

    Jim Well-Known Member

    Is there any significance to being "2 years since your bankruptcy" in terms of getting new credit? Obviously 10 years is significant as the bankruptcy disappears. Put another way , do creditors and Fair Isaac view the 2 year mark as significant? If it is significant is the 2 years from date of filing or date of discharge?
  2. ED

    ED Well-Known Member

    Two years from discharge date is significant in being able to rent an apartment. Before two years many leasing agencies will deny you outright.

    I don't know about creditors though. I don't think anything magical happens at two years, but if you have managed to get some credit after bk and maintained it well for a couple of years you should be on the right track.
  3. paul

    paul Guest

    I filed chapter 7 a little over 2 years ago since then i have been able to get a new truck lease and 5 sub prime cards and a sears card.
  4. ShyGuy

    ShyGuy Well-Known Member

    2 years is the magic number to get a federally-insured (FHA, I think) mortgage.

Share This Page