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Established Member
Posts: 25
Registered: ‎12-03-2012
0

DIfference in credit scores after BK 7

[ Edited ]

Can anybody tell me why there is  such a huge difference in the credit scores post bk7? BK 7 was filed 3/12 and discharged 7/12. Not sure what the starting credit scores were but I know they weren't good at all...Smiley Sad

 

TU: 619

EXP: 556

EQ: 590


Starting Score: 3/12 TU 533 Ex 458 EQ 519
Current Score: 12/12 TU 619 EX 556 EQ 601
Goal Score: 700
BK7 3/12 DIS 7/12 LAST HP 12/7
Last app 12/7/12 OFF TO THE GARDEN UNTIL 06/14!!!!
In wallet: Merrick Bank 600.00>NFCU sig rewards 500.00
Community Leader
Senior Contributor
Posts: 3,019
Registered: ‎07-12-2012
0

Re: DIfference in credit scores after BK 7

Everybody has a different report with a different situation. Have you cleaned up your report after the discharge? I feel like your eq and ex scores are pretty much on par with what I have seen from people in the forums after BK. Your TU seems low but my TU score is also the lowest of my three, Just start slow and get as much help as you can from people on these boards. It can seem like a lot at first but the people here are great and have awesome advice/experience. One step at a time and you will get there.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
718 EQ FICO 07/2015
726 TU FICO 07/2015
732 EX FICO 07/2015
$14k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $9k Barclay Arrival WEMC | $5.4k Cap1 Quicksilver | $6k Amazon Store | $11k Cap1 VentureOne | $5k Barclay US Airways | $500 Chase Freedom
Established Member
Posts: 25
Registered: ‎12-03-2012
0

Re: DIfference in credit scores after BK 7

Thanks! I'm addicted to this site. I'm amazed at how much credit people are able to get after a bk7.  I have First Premier (300.00) and Merrick Bank (600.00). Not going to go on any sprees for a good minute.  These boards have clearly showed me that this is not the thing to do!!Smiley Surprised


Starting Score: 3/12 TU 533 Ex 458 EQ 519
Current Score: 12/12 TU 619 EX 556 EQ 601
Goal Score: 700
BK7 3/12 DIS 7/12 LAST HP 12/7
Last app 12/7/12 OFF TO THE GARDEN UNTIL 06/14!!!!
In wallet: Merrick Bank 600.00>NFCU sig rewards 500.00
Community Leader
Senior Contributor
Posts: 3,019
Registered: ‎07-12-2012
0

Re: DIfference in credit scores after BK 7

Awesome! Sounds like you have a good start. Now just remember 10% util and alternate the two for a while during some gardening and wait for your scores to come up! Good luck

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
718 EQ FICO 07/2015
726 TU FICO 07/2015
732 EX FICO 07/2015
$14k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $9k Barclay Arrival WEMC | $5.4k Cap1 Quicksilver | $6k Amazon Store | $11k Cap1 VentureOne | $5k Barclay US Airways | $500 Chase Freedom
Frequent Contributor
Posts: 402
Registered: ‎11-03-2012
0

Re: DIfference in credit scores after BK 7

The major reason for most score jumps post BK is typically utilization IMHO. 

 

If you have charge offs, collections, judgements etc...most these automatically report your utilization as 100%.

 

They day after BK, this drops to a whopping zero! 

 

 


Starting Score: 501
Current Score: 706 EQ,TU 689,EX 686
Goal Score: 720

Community Leader
Senior Contributor
Posts: 3,019
Registered: ‎07-12-2012
0

Re: DIfference in credit scores after BK 7

Not to mention some people have multiple good old tradelines that come into play

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
718 EQ FICO 07/2015
726 TU FICO 07/2015
732 EX FICO 07/2015
$14k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $9k Barclay Arrival WEMC | $5.4k Cap1 Quicksilver | $6k Amazon Store | $11k Cap1 VentureOne | $5k Barclay US Airways | $500 Chase Freedom
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