09-02-2009 06:41 AM
09-02-2009 07:10 AM
09-08-2009 12:37 PM
I had a chapter 7 removed today and my score only increased 8 points....thats it???? You would think 50 points!!!!
On the one hand, the BK-notation is gone. On the other hand, you are now back in the "clean" league, meaning your credit is compared to the those again who do not have a BK on file.
Now, how "active" have you been in using credit over the past 7 years? I always point out that it's wise to build new credit on day one after your discharge. That avoids a "hole" in your credit-history and gets you prepared for the day your BK falls of your report.
09-10-2009 05:51 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.