How to read a credit report with a 656 Emperica credit report rating score

My Credit Decision based on looking at this report.
Re-established with a bankruptcy. See how the Emperica score is high "656" BUT they have a bankruptcy. A Chapter 7, Not chapter 13. What's the difference? Chapter 7 wipes out all bills, is over NOW, and you can't file again for 7 Years. Chapter 13 wipes out most bills which are then re-consolidated and repaid over time. Chapter 13 filers must have the chapter 13 dismissed or paid out before they can buy again. Most creditors view chapter 7 as a better option because one cannot file again, and they don't owe as much. It is important to note that one must usually re-establish some credit before one can buy something of substantial  value, like a car or home. 

What is a >  Emperica 96 SCORE      FICO SCORE > 656        

SERIOUS DELINQUENCY AND DEROGATORY PUBLIC RECORD OR COLLECTION FILED            

TIME SINCE DELINQUENCY IS TOO RECENT OR UNKNOWN                                 

NUMBER OF ACCOUNTS WITH DELINQUENCY                                             

TOO FEW ACCOUNTS WITH RECENT PAYMENT INFORMATION                                

    SSN ISSUED-69               STATE ISSUED-IL                                                       


*doe,jannie.c   SINCE 10/01/89  FAD 11/13/01          FN-347                

 2000,e grizzard ST,city st zip,TAPE RPTD 08/01                           

 311,TWELVE OAKS,RD,city state zip,TAPE RPTD 10/99                          

 1060,SPLIT RAIL,ST,city state zip,TAPE RPTD 04/98                          

 BDS-12/06/1965,SSS-111-22-3333                                                 

01 ES-cook, waffle house                                                     

02 EF-,another job                                                          

03 E2-some other job  T,,,EMP 05/92                                               



*SUM-10/89-01/02,PR/OI-YES,COLL-NO,FB-NO, ACCTS:26,HC$0-36500, 3-ZEROS, 18-ONES 

   , 5-OTHERS.                                                                  

Here is the bankruptcy, personal BK chapter 7 filed on 10-1999

It is important to note that one can add a comment to any credit item

on their record. After years of reading credit reports I have concluded

this option is useful with any bankruptcies. One should make sure

that any and all records included in the BK say so. Most creditors don't 

do this and it makes the report hard to decifer. If you BK, then get a list

of all the accounts included, print out my dispute form and add comments

for each entry and send it to all three agency's.

****** PUBLIC RECORDS OR OTHER INFORMATION ******                               

04 10/99*BKRPT 42222228, 122222226,INDIVID, PERSONAL,VOL CH-7                     

 ************************************************                               

FIRM / IDENT CODE     CS  RPTD   LIMIT  HICR  BAL $   DLA MR (30-60-90+)MAX/DEL 

ECOA/ACCOUNT NUMBER       OPND   P/DUE  TERM          24 MONTH HISTORY          

------------------------------------------------------------------------------- 

PEEBLES   *82222225   R1 01/02    600    ---    130 01/02 01                    

I/                       11/01    ---     13                                    

   CHARGE                                                                       

                                                                                

CAP 1 BANK*822222228  R1 01/02    ---    327    233 01/02 08                    

I/                       05/01    ---     15                                    

   CREDIT CARD                                                                  

                                                                                

CITI      *9222222    R1 11/99    ---    ---      0 09/99 04                    

I/                       07/99    ---    ---                                    

   ACCOUNT CLOSED BY CONSUMER                                                   

                                                                                

LOWES     *422222229  R1 10/99    ---   1033      0 11/96 62                    

I/                       08/92    ---    ---                                    

   PAID ACCOUNT/ZERO BALANCE                                                    

                                                                                

LERNERS   *9222228    R1 10/99    ---    500      0 07/98 15                    

I/                       07/98    ---    ---                                    

   ACCOUNT CLOSED BY CONSUMER                                                   

   CHARGE                                                                       

                                                                                

RNB-TARGET*6222222227 R0 07/99    300    ---      0                             

I/                       06/99    ---    ---                                    

   CHARGE                                                                       

                                                                                

FCNB PRFCH*9222220    R1 05/99    400    ---      0 05/99 26                    

I/                       03/97    ---    ---                                    

   CHARGE                                                                       

                                                                                

FLEET CC  *42222229   R0 04/98    ---    100      0 03/97