Is it worth reopening accounts?

[mamatyson74]

My husband and I are in the final stretch of our 2 years since discharge and we are impatiently waiting to buy a house. Anyway, we have opened 2 credit card accounts each (all paid off each month), both have car loans (his will be paid off this spring, mine was new so I have awhile) and he has a boat note. Both vehicles and boat we have had for almost a year with on time payments! WOOHOO, this is something we never were able to accomplish before. We are faithfully paying everything on time or before its due.
My question is, should we pay off the past dues and reopen the credit card accounts that were included in our bankruptcy? Would it raise our credit score? I really didnt want to include them in the first place but our attorney told us to include EVERYTHING so we did

[phoenyx]

My husband and I are in the final stretch of our 2 years since discharge and we are impatiently waiting to buy a house. Anyway, we have opened 2 credit card accounts each (all paid off each month), both have car loans (his will be paid off this spring, mine was new so I have awhile) and he has a boat note. Both vehicles and boat we have had for almost a year with on time payments! WOOHOO, this is something we never were able to accomplish before. We are faithfully paying everything on time or before its due.
My question is, should we pay off the past dues and reopen the credit card accounts that were included in our bankruptcy? Would it raise our credit score? I really didnt want to include them in the first place but our attorney told us to include EVERYTHING so we did

The discharged accounts almost certainly cannot be reopened. Although the creditors would be glad to accept payments, and there's nothing preventing you from making such payments, those original accounts wouldn't be reopened.

The accounts would remain on your credit report as negative items. I don't think paying them off would help your credit scores much if anything. What it would do is restart the timer of when the accounts would eventually fall off your credit report, so I think it would do a lot of harm.

Keeping current on your new accounts that are going well should do very much for you. Two years past a bankruptcy, you may be closer to being able to get a mortgage than you think, especially if you've been building good credit over the past two years.