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Bankruptcy - FICO® Scores


How will a bankruptcy affect my FICO® Scores?

A bankruptcy is considered a very negative event by FICO® Scores, and will affect your FICO® Scores for as long as it is listed on your credit files. However, as the bankruptcy item ages, its effect on a FICO® Score gradually decreases.

If you file for bankruptcy, here are some things you should do to make sure your creditors are accurately reporting the bankruptcy filing:

  • Check your credit files to ensure that accounts that were not part of the bankruptcy filing are not being reported with a bankruptcy status.
  • Make sure your bankruptcy is removed as soon as it is eligible to be “purged” from your credit file.

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