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!
I am sure this is inspiration for a lot of us here! Congratulations, that is beyond awesome!
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!
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
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.
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.