4 Year Post BK7

[cem13]

Today is my 4 year anniversary from my BK7 discharge.  I did not see any change in my score at the first of the month nor today.

At my 2 year mark, on 01JUN2013, I saw a few points drop off but I gained them back within a few months.  This was attributed to a re-bucket at the 2 year mark.

I am still range bound 695-710 for the past 2 years.  This has not hurt me in the least as I have over $100K in revolving available credit.  I also have the lowest auto rate issued by Navy Federal.  I just recently closed on a FHA loan @ 3.5%.

My BK7 was one of the single, best financial decisions I ever made.  I know it sounds counter-intuitive but the Great Recession was not kind to me.

[Anonymous]

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@cem13 wrote:

Today is my 4 year anniversary from my BK7 discharge.  I did not see any change in my score at the first of the month nor today.

At my 2 year mark, on 01JUN2013, I saw a few points drop off but I gained them back within a few months.  This was attributed to a re-bucket at the 2 year mark.

@I am still range bound 695-710 for the past 2 years.  This has not hurt me in the least as I have over $100K in revolving available credit.  I also have the lowest auto rate issued by Navy Federal.  I just recently closed on a FHA loan @ 3.5%.

My BK7 was one of the single, best financial decisions I ever made.  I know it sounds counter-intuitive but the Great Recession was not kind to me.

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Congratulations.  Its good to see positive feedback.  Keep up the good work and thanks for the positive for those of us just starting our journey.

[TRC_WA]

You mind quoting your sources on that OP?

Oh wait, wrong thread.

Grats on your progress!

[Creditwiser]

A big congrats. Its nice to read peoples journeys such as yours.  You're doing great and it gives others hope and determination. Well done.

[StartingOver10]

cem13, having read a bunch of your trials and tribulations throughoutout your rebuilding - you are my hero

You know your stuff and what you didn't know you researched until you had the info and then wadded into the waters and got it done!  Congrats on your two year anniversary and may you continue your clime up the FICO scoring ladder

[Chilli]

Congratulations...on your progress and your new home!

It has been a journey for many of us. This forum have helped so many!

Thanks for posting. Posts like this keeps me motivated to keep pressing forward.

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@cem13 wrote:

Today is my 4 year anniversary from my BK7 discharge.  I did not see any change in my score at the first of the month nor today.

At my 2 year mark, on 01JUN2013, I saw a few points drop off but I gained them back within a few months.  This was attributed to a re-bucket at the 2 year mark.

@I am still range bound 695-710 for the past 2 years.  This has not hurt me in the least as I have over $100K in revolving available credit.  I also have the lowest auto rate issued by Navy Federal.  I just recently closed on a FHA loan @ 3.5%.

My BK7 was one of the single, best financial decisions I ever made.  I know it sounds counter-intuitive but the Great Recession was not kind to me.

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[ChistineNJ]

thanks for sharing and giving me hope that with time i can obtain a mortgage

[Pway]

Congrats on being 4 years post bk.  I can agree bk was one of the best choices I had to make.

[Scupra]

You have done a great job rebuilding! Congrats to you and we wish you the best of luck going forward!

[Creditwiser]

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@Scupra wrote:

You have done a great job rebuilding! Congrats to you and we wish you the best of luck going forward!

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Scupra, you're a month away from your anniversary. Look at those scores !!  Nice work.