Can You Have Good Credit 2 Years After a Bankruptcy?

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By: Bill Henry
PublishedMay 14, 2020
1 minute read

The answer is: yes, you can! It is possible to have good credit after bankruptcy – in just two years.

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True or false. You can have good credit after bankruptcy within as little as two years, fact.

It is possible within two years of filing bankruptcy that you can have a credit score back in the 700’s.

Here’s What’s NOT True About Bankruptcy & Your Credit

What is false, is that it can take up to 10 years for that credit score to recover once you file bankruptcy.

There’s a lot of bad information floating around about bankruptcy and your credit score, one of which we’ve had a hard time eradicating.

The seven to 10 years of bad credit actually has to do with the period of time that the bankruptcy is a public notation, will appear on your credit report.

There’s a separate section other than your score where all of your public records such as foreclosures, any type of legal proceedings, any type of repossession, will appear in that public record section. That has nothing to do with your credit score.

Two Years After Bankruptcy

It is true, in as little as two years, we have seen individuals recover that score.

How I Helped a Client

I actually helped someone who had about a 400 credit score when we started out, before we filed bankruptcy, manage their credit and do things proactively within that two year period to increase their score up to 720.

We were able to get them into a home, at a decent interest rate by doing that credit rehabilitation, and just by virtue of having filed bankruptcy.

Had they not filed, their credit score would have stayed down for anywhere between five and six years.

It is possible to have that good recovery in that period of time with the proper management

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