Credit Card Center Advertiser Disclosure†
12-26-2012 05:27 AM
I will make this short and sweet. I had my BK discharged in early 2003. I worked my butt off to pay all debts I owed (to clean up my report) as well as make EVERY SINGLE solitary payment ON TIME since. I am happy to say I pulled my TU and EQ this morning and they were 774 and 796 respectively!! It CAN be done!
12-26-2012 05:59 PM
I am sure this is inspiration for a lot of us here! Congratulations, that is beyond awesome!
12-28-2012 06:37 AM
12-28-2012 10:47 AM - edited 12-28-2012 10:50 AM
I'm glad to see this today, because for some reason I've been thinking about the looooooong road ahead of me, and I was a bit discouraged, but this lifted me up. Congrats to you!!!
Also, what I like about this post is that, while there are people who write on here everyday that they went from X to Y in (a year, 2 years); this seems more realistic to me, because it's more about the slow journey to reaching your goals. There was another post where someone increased their score and secured all of these accounts in a years time, but one HUGE factor, was that persons income increased significantly, so I believe that is a huge difference! Example, if you are trying to dig out of debt, and cut back on things while you make 24k, 30k, 40k a year, while also just "living," it's difficult sometimes to find a spare dime to send to make extra payments or negotiate settlements. Again, not impossible, because there are sacrifices to be made. BUT, if a person started out in debt, and made only 20k a year, and then when they are ready to improve their credit, they are making 80-100k a year, that is a HUGE factor, because they (presumably) will have more discretionary income. Again, that's assuming that they budget, and spend LESS than they make a year.
Anyway, I said all of that to say, I'm glad to see a person commenting on the journey that I'm inevitably going to be making over the next several years, as I don't forsee myself increasing my income triple or quadruplefold anytime in the near future, but, I keep hope alive
Thanks for your encouraging post!
12-28-2012 04:02 PM
Congratulations OP. Can't wait to see where I am in 5 years.
Actuallly, I can't wait until the BK falls off. The increase in score will just be icing on the cake
12-28-2012 04:27 PM
01-04-2013 03:06 AM - last edited on 01-04-2013 04:21 PM by llecs
Congratulations on your success. When the bankruptcy is filed it seems like an impossible task ahead. Especially, when the bankruptcy process first starts there are a lot of emotions and stress involved. Throughout the process there were probably many highs and lows but you completed the process and now your back in the game.
01-05-2013 03:37 PM
Congratulations and your success! I have a similar experience/story. BK in 2007, 731 FICO with TU and EQ, today, with BK still showing on report. Will be so happy when BK finally drops off in 2017.
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.