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Community Leader
Valued Contributor
starry1
Posts: 2,073
Registered: ‎11-29-2012

Re: BK Fall Off Date???


GST2008 wrote:

My BK just fell off the last of my three reports today!  It's been 10 long years, but I am now officially BK free!!!!! :smileyhappy:


CONGRATS!


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 7/28/14 TU 605; EQ 635; EX 632
Goal Score:  625 for now– New goal 675

Cap1 sec $700 (SD) / FP $300 (closed) / Fingerhut $1300 / nRewards $2.5k / cashRewards $1.5k / NavChek $2.5k
Amazon $1.7k / Walmart $1k / Von Maur $200 /Firestone $1.2k (last app 10/08/13)
New Member
Nae82
Posts: 4
Registered: ‎04-19-2013

Re: BK Fall Off Date???

Hi all!

 

So when your bankruptcy falls off your score jumps pretty drastically?

 

Is there any way of knowing how much it could jump?

 

Mine falls off October 2016 :smileysad:

 

That will be 3 LONG years!!!


Starting Score: 589
Current Score: 589 TransUnion 04/18/2013 Equifax 571 04/23/2013
Goal Score: 700


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Community Leader
Valued Contributor
starry1
Posts: 2,073
Registered: ‎11-29-2012

Re: BK Fall Off Date???

There's no way to tell because it depends on what else is in your report.


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 7/28/14 TU 605; EQ 635; EX 632
Goal Score:  625 for now– New goal 675

Cap1 sec $700 (SD) / FP $300 (closed) / Fingerhut $1300 / nRewards $2.5k / cashRewards $1.5k / NavChek $2.5k
Amazon $1.7k / Walmart $1k / Von Maur $200 /Firestone $1.2k (last app 10/08/13)
Regular Contributor
rm3
Posts: 198
Registered: ‎03-02-2012

Re: BK Fall Off Date???

I'm expecting mines to fall off EQ in a week-May 1. I can hardly contain my excitement. 10 long years.....a bottle of champagne to celebrate is in order!!!!

Starting EQ Fico: 536 (3/12)
Current EQ Fico: 649 (9/13)-lender pull
TU Fico: 684 (8/13) 711-lender pull 9/13
EX Fico: 646 (8/13) 655-lender pull 9/13
New Visitor
VivoLivre
Posts: 2
Registered: ‎05-03-2013

Re: BK Fall Off Date???

Does the fall off date vary by state?  I was under the impression it was 7 years... if it really 10? I just passed the 7 year mark earlier this year...haven't ordered new reports yet, so I'm not sure if it's gone or not.  I'm gonna be SEVERELY bummed if it's 10 when I was told 7 before :smileysad:

Senior Contributor
DaBears
Posts: 3,923
Registered: ‎10-26-2012

Re: BK Fall Off Date???

Chapter 7 remains for 10 yrs from date filed. All accounts included in the chapter 7 will be removed from your credit reports at the 7 yr mark. 

Chapter 13 remains only for 7 yrs.

New Visitor
VivoLivre
Posts: 2
Registered: ‎05-03-2013

Re: BK Fall Off Date???

So that sounds like (since it was a 7) that the negative score impact will remain for 3 more years even though the "detail" of the accounts involved is now gone. Is that correct?

Established Contributor
fot1
Posts: 651
Registered: ‎01-10-2011

Re: BK Fall Off Date???

Don't get your hpopes up for score increases.. it really is a YMMV thing.. some have had score jump, other scores have fallen and for me 2 out the 3 so far no score change at all.


Tu- 799... What I wouldn't give for one more point..
Equifax-774
Experian-737

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