how your credit score is viewed--- with or without bk

[phill99]

Hi all:

I have a few questions that have been bugging me.

Let's say, after bankruptcy, you have managed to rebuild your credit---your credit score is now over 700. Do lenders see you the same as someone with the identical score, but without bankruptcy? Or do they still give you a hard time because of your bk?

How about renting an apartment? Are landlords concerned even though you now have a high credit score?

Thank you.

[aa06a47]

Hi all:

I have a few questions that have been bugging me.

Let's say, after bankruptcy, you have managed to rebuild your credit---your credit score is now over 700. Do lenders see you the same as someone with the identical score, but without bankruptcy? Or do they still give you a hard time because of your bk?

How about renting an apartment? Are landlords concerned even though you now have a high credit score?

Thank you.

I understand if your score is 720 or higher, your considered a "preferred" customer so to speak. But, your credit score is only one tool (though it carries alot of weight) used to determine if your able to obtain credit. A landlord may not know what your score is.

Remember, the BK is figured into the credit score, so technically, if you have a 700 credit rating with a BK, your probably going to be treated like a good risk. As soon as the BK was filed and picked up by the CRA's, my score dropped like a rock. This was before any charge offs, IIB's, etc. I had a pretty good score before filing as I tried to keep most things current before filing. So, any improvement in the score now is how I manage credit since my BK. If you have a 700 score, you have done well.