Bankruptcy

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Regular Contributor
jocleveland
Posts: 181
Registered: ‎12-31-2011

BK has finally dropped off

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‎12-21-2012 06:30 AM

My BK from January 2003 has finally been removed from my CR's.  The only bad thing is I haven't seen an increase in my scores. Maybe the CR'S are more interested in the final three baddies coming off in 2013.  At least I'm hoping thats the case and my scores don't drop due to my AAoA's will be shorter.  Any thought's from anyone?

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Established Contributor
starry1
Posts: 1,011
Registered: ‎11-29-2012

Re: BK has finally dropped off

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‎12-21-2012 08:09 AM

Congrats!  That has to feel good.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 05/19/13 TU 600; EQ 625; EX 610 fako
Goal Score:  625 for now– New goal 675

Cap1 sec $250 / FP $300 / Fingerhut $300/ NFCU nRewards $500 (last app 5/24/13)
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Regular Contributor
Scupra
Posts: 245
Registered: ‎07-12-2012

Re: BK has finally dropped off

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‎12-21-2012 08:11 AM

Does your score not going up have something to do with being rebucketed? Congrats, I am sure you feel great!

Filed BK7: 7/2012 (start score 560) Discharge 10/2012
FICO EQ 05/2013: 630 EQ
FICO TU 02/2013: 621 TU
FAKO Experian.com 05/2012: 650 EX
Cards: $500 NFCU secured - $1k NFCU cashRewards - $2k Cap1 Plat
Gardening from 02/13 - 10/13
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Regular Contributor
jocleveland
Posts: 181
Registered: ‎12-31-2011

Re: BK has finally dropped off

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‎12-21-2012 10:26 AM

Thank you.  I never gave rebucketting a thought but I can see how that would make sense.  I have the last few baddies coming off soon and will probably get reclassified again to those with no derogs but a short AAOA problem. 

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Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012

Re: BK has finally dropped off

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‎12-23-2012 10:32 AM

Congrats!!! Mines also from 2003 will fall off in August. Can't wait!
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
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Established Contributor
chasmith
Posts: 1,016
Registered: ‎05-26-2010

Re: BK has finally dropped off

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‎12-23-2012 10:36 AM

Rember the effect of baddies declines with time.  The score not changing may just mean it was already aged out of score impact. 

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012 Gardening since 10/6/2012

Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 4/2/2011 EQ 682 1/14/2011 TU 665
Current Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Goal Score: EQ 700 TU 700
Take the FICO Fitness Challenge
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Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012

Re: BK has finally dropped off

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‎12-23-2012 10:44 AM

+1 I believe that to be true. My report now says I have no public records as a positive to my score even though the BK is still on there. It is soooooo old! Very happy about that.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
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chasmith
Posts: 1,016
Registered: ‎05-26-2010

Re: BK has finally dropped off

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‎12-23-2012 10:58 AM

I see that on my FAKO from USAA but not on my FICO scores.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012 Gardening since 10/6/2012

Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 4/2/2011 EQ 682 1/14/2011 TU 665
Current Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Goal Score: EQ 700 TU 700
Take the FICO Fitness Challenge
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Valued Contributor
MovingForward_2012
Posts: 3,406
Registered: ‎12-19-2012

Re: BK has finally dropped off

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‎12-23-2012 12:39 PM

It is also on my Fico score watch report. It says I have no recent public records as a plus to my score, which is 703.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! :smileyhappy: Last App: 4/5/13 Gardening until July 2014
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Established Contributor
chasmith
Posts: 1,016
Registered: ‎05-26-2010

Re: BK has finally dropped off

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‎12-24-2012 05:55 AM

Moving_Forward, how long did it take FICO to do that, did you notice?

 

On the Experian FAKO through USAA they use two years as the cutoff for public filings, according to the comments.  I don't believe FICO is that short.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012 Gardening since 10/6/2012

Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 4/2/2011 EQ 682 1/14/2011 TU 665
Current Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Goal Score: EQ 700 TU 700
Take the FICO Fitness Challenge
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