What will my credit report show

[cool9]

I filed bankruptcy in 2002, have been on Social Security Disability since 2004, have not opened any credit cards or loans since 2002, income has been < $20K/yr. since 2002 and I have rented since 2003. What will my credit report show? Poor? Credit risk?

[maat55]

If you have not checked your report within a year you can do it here for free.

http://www.annualcreditreport.com/

[wincrasher]

Your credit rating has nothing to do with how much money you make.

Total indebtedness, credit history, utilization ratio are all major factors.

You could have very good credit if your landlord has been posting your rent payment history to the credit bureau.

No credit history is easier to build from than bad credit history. If your report is basically blank for the last seven years, your bankruptcy could have fallen off, and you can easily build a good score without any cost to you or going into debt.

Just get a credit card with a low limit, and buy a few inexpensive items each month that you would normally buy - such as gas or groceries - and pay the entire balance each month. Don't go over 50% of your card's limit.
Before you know it, your FICO will be going up.

[xpirtdesign]

All the things wincrasher said are true and of course it is easier to build credit from no credit than bad credit but good luck on your situation

[Grayson]

I filed bankruptcy in 2002, have been on Social Security Disability since 2004, have not opened any credit cards or loans since 2002, income has been < $20K/yr. since 2002 and I have rented since 2003. What will my credit report show? Poor? Credit risk?

Hi,

A credit report is file about you used by lenders and banks. It is legal for them to collect all sorts of information about you. In turn, you have the right to check this file and you should do so and inquire regularly about your credit report and your credit score, particularly when you plan a big financial change.

Bankruptcies, lawsuits, paid tax liens, accounts sent out for collection may be reported indefinitely if you apply for a big amount of money over one hundred thousand dollars of credit or insurance, or if you apply for a job with an annual income amount of at least $75,000. However, credit bureaus usually delete all items after seven or ten years.

[Alex_Adviser]

A bankruptcy filing may appear on your credit report for up to ten (10) years. This change on your report will make it difficult to borrow money. However, your credit rating may eventually improve since many of your debts will be discharged. This is not to say that you will be unable to borrow money. Other factors will help determine your credit score such as your general ability to pay back a loan.

But you can still expect bankruptcy to be on your credit report till 2012