Does your credit score increase when you file for bankruptcy?

[Anonymous]

Hello,

I filed for bankruptcy a while back and recently I noticed that my credit score increased from 523 to 612. Am I missing something here? I thought bankruptcy was supposed to drop your credit score anywhere between 100-200 points depending on the type of credit. 

I would appreciate any advise or opinions on this.

Thank you

[TRC_WA]

Wishful thinking.

Don't worry... Your score will tank back into the 500s soon.

[Anonymous]

Ours never really tanked, I'm not sure why. It went up slightly and then dropped a little. About 50 points for both me and my husband. He was able to get a used car loan 3 months after discharge and 2 Cap One cards at 3k each. I don't get it either. 

[0REDSOX7]

Mine went up.

It's documented that they will tank when the public record hits yours report, but as lenders start updating the accounts to a zero balance and snow IIB, then they can go up. Plus, some lenders delete your payment history, so, if you had poor payment history prior, it is almost guaranteed you will see a slight uptick in your score.

[Anonymous]

My credit has also gone up a lot since I filed BK7. Before I filed my credit was around 568 and when I filed it went down to 509. But ever since it has just been going up. It has been 3 months since I filed BK7 and my credit score is at 635 right now. Currently with all my debts at 0. So I have no debts at all. I have not received my discharge yet which I should be getting any time now.

So my credit has already dropped due to the BK but ever since it has increased. 

So will it drop again or is this where it will stay at?

Everything on my report is showing BK7 and it is showing on public records as well.

[0REDSOX7]

As mentioned in your other post - if all your accounts are showing as a zero balance and IIB, then you can't really expect any further drop in your score.

Obviously, rebuilding (inquiries, new accounts, etc) will cause a slight drop in your score - but that is par for the course.

[09Lexie]

Locked, duplicate thread 

http://ficoforums.myfico.com/t5/Bankruptcy/Does-your-credit-score-increase-after-filing-ch-7-BK/td-p...