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jasminrooney · Joined: 06 Mar 2010 Posts: 1 1.47 Dollars($)

7 years ago I got fired from my job, I was sick and working less and less, my partner and I were a management team in a Mobile home park. I was the groundskeeper she managed the office. She then got transferred to one of their parks in the Puget Sound. I got a new Dr and got diagnosed with Lupus. We lost my salary, and hers was lowered as she was now an Assistant Manager. We tried to keep up with all our payments but it would take me 4 years to get SS Disability. So she had to file bankruptcy 5 years ago. We kept 2 credit bards off the bankruptcy because they had no balance on them. We had low interest on those 2 cards and when her salary went she used them to start to repair her credit, no late payments on any bills we had. She got offers for low interest cards, we used them and when I finally got SS disability we used the back pay to pay off all our debts in the last 5 yrs. She decided to get a free credit report a few weeks ago and was surprised to see a score of 757. So how does that happen with the bankruptcy? I looked at the criteria and she fits all of them but the last. Could someone please explain how she got a score of 757? The credit cards offers we have were all low interest until the law passed and the companies went wild of raising interest on those of us with good credit before the law went into effect. That is the reason we paid them off. We never had the problems that people talked about having after they filed bankruptcy. Where would she stand if we decide to buy our first home?

Niicss · Posted: Mon Mar 08, 2010 4:13 am Post subject:

Your partner may have paid off her dues regularly and was never late on her payments. As a result, though she filed bankruptcy she has a commendable credit score. She can apply for a conventional mortgage depending upon her credit score. Also, her income and debt to income ratio would be taken into consideration while she buys her first home.

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757 score with bankruptcy