BK fell off EQ today!!! - 70 pt score boost!

[krielly]

That's so awesome! Congrats! I am getting down to the wire for our 13 to fall off in Sept/Oct. Can't wait!!!

[RebuildingForTheFuture]

Congrats!  I have a ways to go before mine falls off (Dec. 2017), but I'm nearly half way there!  I'm glad to see that your scores were above 700 before the BK fell, as this is my goal score by end of 2014.  I'm being very proactive with my credit now.  It took the last five years to figure it out, but what counts as that I did and my scores aren't too shabby... TU 646, EQ 623

[emptypockets]

Keep up the hard work! I have found that it is very important to make sure you have NOTHING report negatively since the BK, especially late payments if you want to reach 700. Also, keep your credit card utilization low. It is very possible to get to 700-720 even with a BK reporting if you play your cards right.

[RebuildingForTheFuture]

I have two dings right now... both a 30 days late on 2 separate cards.  My DH started a new job in late December 2010 and it pushed his pay period out so we went nearly a month w/o his income.  I called the CC and explained and set up an auto pymt to come out the day his first check was direct deposited.  I was told then that since I called and made arrangements it wouldn't report as late, but they did, and disputes only validate that it was 30 days late, and GW letters go unanswered.

[fot1]

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@emptypockets wrote:
Keep up the hard work! I have found that it is very important to make sure you have NOTHING report negatively since the BK, especially late payments if you want to reach 700. Also, keep your credit card utilization low. It is very possible to get to 700-720 even with a BK reporting if you play your cards right.

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 I have a BK, 3 Charge off acounts, 1 collection and my scores are 682,685, and 705

[pokerpro]

I am above 720 EQ Fico score with BK still reporting for another two years.

Emptypocket is right, you cannot have any negative remarks once the BK is listed on the CR

[fot1]

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@pokerpro wrote:

I am above 720 EQ Fico score with BK still reporting for another two years.

Emptypocket is right, you cannot have any negative remarks once the BK is listed on the CR

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Not true.. I have multiple nagatives and broke 700,, while not ideal it isn't the kiss of death either..

[pizzadude]

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@fot1 wrote:

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@pokerpro wrote:

I am above 720 EQ Fico score with BK still reporting for another two years.

Emptypocket is right, you cannot have any negative remarks once the BK is listed on the CR

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Not true.. I have multiple nagatives and broke 700,, while not ideal it isn't the kiss of death either..

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Are these FICO scores ?  Where did you pull them from ?

[emptypockets]

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@fot1 wrote:

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@pokerpro wrote:

I am above 720 EQ Fico score with BK still reporting for another two years.

Emptypocket is right, you cannot have any negative remarks once the BK is listed on the CR

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Not true.. I have multiple nagatives and broke 700,, while not ideal it isn't the kiss of death either..

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I'm not saying you can't get to 700 with a BK and negatives, just that it is unlikely with other negatives reporting. I bet the negatives that are reporting are NOT on the repot that has the 705 score. I notice the other scores listed are under 700. Each bureau has its own things that cause scores to go up and down. How old the baddies are would also affect if you can get to 700 or not. The bottom line is, 700 score or not, the BK will affect you getting credit (you may get approved, but with lower limits, or not at the most favorable interest rate). I say this because I was able to get the AMEX's with the BK reporting (as mentioned in my other posts), but I didnt get the top tier interest rate (even though AMEX reported my EX score as 733), and one of the reasons they stated was due to the BK.  I also have been denied CLI's from different creditors solely due to the BK reporting (without any other baddies on the report). 

Baddies since a BK will DEFINITELY negatively impact a person obtaining credit, regardless of the score being 700. The score is not the only thing to be considered when obtaining credit. A baddie SINCE BK may send a signal to creditors that a person has not learned their lesson, and sshould be avoided at all costs.

Excuse me as I step off my soap box now....

[fot1]

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@pizzadude wrote:

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@fot1 wrote:

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@pokerpro wrote:

I am above 720 EQ Fico score with BK still reporting for another two years.

Emptypocket is right, you cannot have any negative remarks once the BK is listed on the CR

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Not true.. I have multiple nagatives and broke 700,, while not ideal it isn't the kiss of death either..

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Are these FICO scores ?  Where did you pull them from ?

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Yes Fico's Tu from here  And Others from M&T bank and PSECU all true fico's