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Bankruptcies Falling Off..What to expect?

Valued Member

Bankruptcies Falling Off..What to expect?

Finally after 10 years the bankruptcies I had to file to get divorced are falling off! What type of credit boost should I expect? What did you see? I have been rebuilding steady just gardening now. 

Cap 1 QS|Cap 1 Secured|Navy Fed Secured|Barclays|Milestone|Credit One|Target
Message 1 of 13
12 REPLIES
New Member

Re: Bankruptcies Falling Off..What to expect?

Mine are also just falling of my reports. File date was 4/27/2007. Experian went forn 727 to 769. Equifax fako through creditkarma 719 to 751. Congrats on the BKs dropping. I look forward to hear your score change as well.

Message 2 of 13
Frequent Contributor

Re: Bankruptcies Falling Off..What to expect?


Joshbarden wrote:

Mine are also just falling of my reports. File date was 4/27/2007. Experian went forn 727 to 769. Equifax fako through creditkarma 719 to 751. Congrats on the BKs dropping. I look forward to hear your score change as well.


I assume you had a Chapter 7?  My 13 was filed 4/10/2010 and I expect it to fall off in April/May, my scores should go up as well since I have re-established credit with all accounts at 100% on time payments.  I'm hoping to land in the low to mid 700s.

12/27/16 - Eq683 TU666 Ex681 04/05/17 Eq742 TU763 Ex757
Message 3 of 13
New Member

Re: Bankruptcies Falling Off..What to expect?

Yes mine was a chapter 7. I had begun reestabilshing my credit as soon as I could with a Capital One auto loan and credit card. Have had several loans including 3 auto 1 boat and a personal loan for a small real estate purchase. No missed or late payments. Scores were 710-737 before BK falling off. TU is the only one still reporting the BK and my score is 734. EX and EQ have removed the BK and are reporting a 774 and 785 FICO8. 

 

 I'd be interested in hearing the result in your BK falling off.

 

Message 4 of 13
Frequent Contributor

Re: Bankruptcies Falling Off..What to expect?


oldman425 wrote:

Joshbarden wrote:

Mine are also just falling of my reports. File date was 4/27/2007. Experian went forn 727 to 769. Equifax fako through creditkarma 719 to 751. Congrats on the BKs dropping. I look forward to hear your score change as well.


I assume you had a Chapter 7?  My 13 was filed 4/10/2010 and I expect it to fall off in April/May, my scores should go up as well since I have re-established credit with all accounts at 100% on time payments.  I'm hoping to land in the low to mid 700s.


You might check to see if it falls off early.  I have seen this happening amongst other posters here.  Mine is 9-29-2011.  I am PRAYING SO HARD that I see it fall off like in July next year!

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In second year post 13 DC (12-28-15)
Entered garden 05-19-2017 CLOSED ON MY NEW HOUSE 5/17/17!!!!

Message 5 of 13
Community Leader
Super Contributor

Re: Bankruptcies Falling Off..What to expect?

My experience was really big jumps in scores. One was 89 points, if I remember correctly. It was unbelievable. Congratulations on your success!!!


Daily Drivers: Penfed Platinum Rewards; NFCU GoRewards; Discover; NASA Platinum Cash Rewards. EQ: 763 TU: 737 EX: 787
Message 6 of 13
Highlighted
Regular Contributor

Re: Bankruptcies Falling Off..What to expect?

Have you considered requesting that TU do an early exclusion on the BK?  Ordinarly they will honor that request if it's within six months of the date that it would fall off automatically.


Message 7 of 13
Frequent Contributor

Re: Bankruptcies Falling Off..What to expect?

 


Pedro1 wrote:

Have you considered requesting that TU do an early exclusion on the BK?  Ordinarly they will honor that request if it's within six months of the date that it would fall off automatically.


Thanks for the idea, I'll give it a try and see what happens.

 

ETA - I called TU and they stated that they will let me know within 30 days.  EX already showed that it was off but no change in score as of today and I submitted a online request with EQ.

12/27/16 - Eq683 TU666 Ex681 04/05/17 Eq742 TU763 Ex757
Message 8 of 13
Frequent Contributor

Re: Bankruptcies Falling Off..What to expect?

My TU is now 749.

12/27/16 - Eq683 TU666 Ex681 04/05/17 Eq742 TU763 Ex757
Message 9 of 13
Regular Contributor

Re: Bankruptcies Falling Off..What to expect?

Nice!  That is a huge jump!


Message 10 of 13