You can track your credit score and watch it increase as more time passes after your bankruptcy discharge. Elizabeth Razzi wrote about credit scores and mortgages at Bankrate.com and suggested that you review your credit reports and scores about six months before applying for a mortgage, so you can write any necessary dispute letters and clear up errors before the actual application.
Fair Isaac’s consumer Web site has a chart which relates its FICO credit score with expected mortgage interest. You can purchase three credit reports and this score for $47.95 at the www.myfico.com Web site, or one report and its FICO score for $15.95. All borrowers are entitled to one free copy of each credit report annually through the www.annualcreditreport.com Web site, and you can purchase a competing VantageScore (newly created by the credit bureaus themselves) for $5.95 except many lenders will still use the longer-established FICO score.
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