topic Re: Is there a cap on a FICO score with BK reporting? in Bankruptcy

Is there a cap on a FICO score with BK reporting?

TilltedBrim — Thu, 11 Oct 2012 14:59:30 GMT

Is there a cap on a FICO score with BK reporting? What is the highest I can expect my score to get to after filing in 2006? Thank you

Re: Is there a cap on a FICO score with BK reporting?

somotao — Thu, 11 Oct 2012 17:40:56 GMT

I have heard of those getting 720 or so with BK reporting on their credit report.

Huh.... That sucks. When my utilization was at 5% a coup...

TilltedBrim — Thu, 11 Oct 2012 18:27:28 GMT

Huh.... That sucks. When my utilization was at 5% a couple of months ago my TU score was 718 and my EQ was 704. So if around 720 is the cap then I don't have much to look forward to.

Re: Huh.... That sucks. When my utilization was at 5% a coup...

fuzzybean — Thu, 11 Oct 2012 19:12:34 GMT

My husband's FICOs (that we paid for on myfico.com) were 722 (TU) and 716 (EQ) last month. Our BK was discharged 12/07.

Re: Is there a cap on a FICO score with BK reporting?

somotao — Fri, 12 Oct 2012 11:55:33 GMT

From what I have learned, Fico scoring also places people in different scoring buckets/groups, these buckets use different scoring formulas and they vary by group. Unfortunately those of us who are in the BK bucket have a maximum of where we can reach with our scores. A BK has a huge impact on our credit scores. If we are using tools from myfico like the score estrimators and focus on the "reasons for XXX Fico" message we receive, it is a little bit misleading because they are programmed as though we do not have a BK. Lets look on the bright side, wtih diligent work we can strive to get the best scores that are available to us in the BK bucket. Once the BK drops of our credit we will then be placed in a bucket of those who don't have BKs and we can see huge jumps on our credit scores.

Re: Is there a cap on a FICO score with BK reporting?

aussiesareforever — Sat, 13 Oct 2012 14:31:10 GMT

My TU score was about 730 in May. I haven't checked it in a while ( I got it after I was approved for my Barclay card) so I'm not sure where I am now. My BK was discharged in 2008

There are reports of people in the high 700s with a BK reporting. Just keep keeping on.

Re: Is there a cap on a FICO score with BK reporting?

whipster — Sun, 14 Oct 2012 00:15:47 GMT

My TU is 723.

BK discharged 3 years almost to the day.

Re: Is there a cap on a FICO score with BK reporting?

chasmith — Sun, 14 Oct 2012 13:44:39 GMT

TU just pulled on MyFICO is 728, about the only thing I could improve would be to take inquires to zero and improve AAOA.

Mt BK is also coming up on three years from discharge.

Re: Is there a cap on a FICO score with BK reporting?

jnkp2001 — Tue, 16 Oct 2012 01:24:32 GMT

I think the highest I've read was either 740 or 760. I've also read anything over 760 is gravy,,,:smileywink:

Re: Is there a cap on a FICO score with BK reporting?

jeffrey930 — Tue, 06 Nov 2012 03:48:12 GMT

TU 735 for me. BK discharge 2004

Re: Is there a cap on a FICO score with BK reporting?

TilltedBrim — Tue, 06 Nov 2012 04:55:51 GMT

jeffrey930 wrote:
TU 735 for me. BK discharge 2004

Thanks Jeff for posting... 735 is the highest that someone has posted here with BK still reporting....

Re: Is there a cap on a FICO score with BK reporting?

4thmouse — Tue, 06 Nov 2012 05:37:29 GMT

jeffrey930 wrote:
TU 735 for me. BK discharge 2004

Dang. Hope I can get that high.

Re: Is there a cap on a FICO score with BK reporting?

jeffrey930 — Tue, 06 Nov 2012 13:08:54 GMT

Just take care of your credit.it will work it self out. I only had 2 credit card after BK capital one and chase wamu now its freedom. I garden till 2011. I also got an auto loan by Toyota 2.9 APR :) on 2007. I just started applying for credit card in 2011 for their airline bonus I was approved by Citi AA card 8k limit and discover more 7.5K limit. I recently applied for chase united explorer I was denied because of BK called recon line and after begging lol... I was approved in the second recon 2.5K limit. I want to apply for Amex HH but I'm scared I might try it next year. I just can't wait till 11/2014 BK will finally be out of my credit report I hope I can get +50 points in my score.