should I close my credit card, once I paid it off, say I pay off my no annual fee credit card should I close it out or leave it active and just not use it? I heard that if you close a credit card ...
hi, im a ebay seller and recieve my payment via paypal. does the payment go automatically to my bank account? coz I just check my online bank statement, and it did not show any pay-in. I've ...
i hear how ppl with bad credit still get approved for all these credit cards. How and which cards are they??? what cards have high limits also for bad credit without paying for a secured card or and ...
My wife need a loan for a new house. But her credit score is bad. She makes more money then I . However I have a good credit score. Could I Co- Signer for her ?...
I'm 23, and I have about 30k in credit card debt. Is going bankrupt an okay thing for me to do you think? I'm young, so I'm not sure. I have plenty of time to rebuild my credit fresh ...
When customers use a credit card to make a purchase the the store owners charge a higher price for the purchase. I do believe that it is illegal and I want to know what to do. Also they make you ...
Rocksteady
After Personal Bankruptcy how long does it take for your credit History to be okay again?
Your credit history will depend on how you treat it. If you re-establish your credit, pay bills on time and keep your debts so they don't go out of control again, you can re-establish and get your credit back up there again. It takes a lot of hard work and discipline to regain what you once had. You basically have to start from scratch and work your way back up to a good credit history again. It's going to depend on how you do it that says how long it takes. Income, your pay history and how you control your debt will be the key to your own success in keeping it that way. Good Luck!
SPIFIMAN1
This is so sad SP is the only one that knows what she is talking about.
Additional information:
It's good to see from the thumbs up for myself and SP that there are at least a few people out there in answer land that actually understand credit and bankruptcy.
shell
Hi...Speaking from personal experience here!!! Im presuming you are in the uk? I was discharged in March 2007 so about 18months ago...My credit rating is improving rapidly and has been doing so for the last 6 months...i keep a regular eye on it through experian online..It takes 6 years for the bankruptcy to come off your credit file but as long as u pay bills on time and have no credit accounts showing your credit report will start improving in about a year...Hope this helps.
Teri W
Once again SPIFIMAN and SP are the only ones that know what they are talking about.
Rob
your credit history never go's away. (based on own knowledge of working in the credit industry)
mister ed
up to 10 years!!!
Taf
I was under the impression that all your credit history, good or bad, can only be kept at experian for 5 or 6 years.
Your credit report only shows the last 7 years of credit items, but bankruptcies and judgments remain for 10 years. However, bankruptcies and judgments are "public records" -- your great-grandchildren can still find those!
Just because certain items fall off your report over a period of time does not make your credit history "okay again." You have to rebuild your credit over a period of years by paying everything on time and as agreed. Utilities, for example, only report negatives such as unpaid bills.
Start with your bank and build up your accounts. Borrow against your CD (secured loan) and pay it off regularly to get your first positive record. Build from there.
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