Bankruptcy

[arlibguy]

An update for everyone...

I filed for Chapter 7 bankruptcy on 6/1/2002. My BK fell off Experian in mid-April. This morning (5/1) it fell off Equifax.

Of course, I can't pull my own Experian FICO, so I'm not sure about that score.

I did pull a report and Equifax score from myFICO today. Before my BK fell off, my EQ score was 686. As of today, with the BK off, my score increased to 718. I should note that I have 2 60 day lates and several 30 day lates from about 4 years ago. My average age of accounts (AAoA) is a little over 4 years.

Might I seen a better increase had I not had the lates? Probably. But I'll take the 30 point increase! 

I had several credit cards post-BK, prior to 2010, but I ran up balances for several reasons (don't ask). I paid off the balances in 2010. I had a Barclay's, HSBC, Wells Fargo (joint, but ex was primary), and Cap 1. These cards are all closed.

I've rebounded and acquired the following cards, post 2010 and prior to my BK falling off:

Citibank Dividend

Bank of America 1-2-3 Cash Rewards

Walmart

JCPenney

Target

Chevron

Best Buy

Dell

I will post my updated TU score after my BK falls off on that report. I am hoping it will fall off in time for updated Walmart TU scores for May!

[arlibguy]

BK fell off TU on May 7 (filed 6/2002). Walmart TU08 increased from 737 to 756. Again, I had several lates 4 years ago, which is impacting my score.

[steve2134]

Thanks for the real life information. My chapter 7 (young and stupid) moment is listed as filed 6/03 so I can reasonably expect to wait till next may/June to finally see it come off. What's confusing for me is how high others scores are when I'm currently sporting a 582 FICO Equifax. There are two medical bills that are paid listed as collections. I'll get that cleared up. What seems to be killing me the most though is high utilization and a total brain lapse that had two revolving accounts go 30 days late after going for at least three years without ever missing a payment. I am so upset on that one. I played w the simulator a little and it looks like things will be better.....in 24 months! So frustrating when you're trying so hard to move on

[aussiesareforever]

Thanks for sharing OP. Must be a huge relief to finally have the BK off your credit report. I still have a long way to wait (only four years out) but I can't wait!!!!!