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BK Fall Off Date???

Valued Contributor

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!!!!! Smiley Happy


CONGRATS!


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 11 of 18
New Member

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 Smiley Sad

 

That will be 3 LONG years!!!


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


Take the myFICO Fitness Challenge

Message 12 of 18
Valued Contributor

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: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 13 of 18
Regular Contributor

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
Message 14 of 18
New Visitor

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 Smiley Sad

Message 15 of 18
Senior Contributor

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.

Message 16 of 18
New Visitor

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?

Message 17 of 18
Established Contributor

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.

Too many to list..
Message 18 of 18