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Good morning everyone,
Up until yesterday, I was smooth sailing with my score going from a 530 on the day I filed for CH7 to 658 just a couple of days ago. I now notice that my bank has referenced my previous loan accounts as 'closed/included in BK'. There were 8 total accounts. My score has dropped down to 588 and I fear it'll go even lower. Does anyone else have an experience like this? If so, how long did it take for your credit report to adjust?
That's the norm.
IIB accounts are derogatory and will lower your scores for as long as they are on your reports.
You just filed... scores in the 400s to 500s should be expected... but don't fret... you have nowhere to go but up.
@Anonymous wrote:Good morning everyone,
Up until yesterday, I was smooth sailing with my score going from a 530 on the day I filed for CH7 to 658 just a couple of days ago. I now notice that my bank has referenced my previous loan accounts as 'closed/included in BK'. There were 8 total accounts. My score has dropped down to 588 and I fear it'll go even lower. Does anyone else have an experience like this? If so, how long did it take for your credit report to adjust?
Score should be of no concern at the moment. What you are experiencing is 100% normal though