How much of a score bump should expect when BK falls off?

[Anonymous]

Hello, All!!

My BK will fall off my CR in Feb., 2011. YAY!!!!!! How much of a score bump should I expect?

Thanks,

Jelly

[haulingthescoreup]

Depends --what other negatives will still be showing, if any, how old are they, and what's your AAoA and longest history?

If this was your only baddie, I'd guess around 50 or more. If there's still stuff on there, especially bad stuff, I'd certainly expect an increase, but not as much.

[Anonymous]

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@haulingthescoreup wrote:

Depends --what other negatives will still be showing, if any, how old are they, and what's your AAoA and longest history?

If this was your only baddie, I'd guess around 50 or more. If there's still stuff on there, especially bad stuff, I'd certainly expect an increase, but not as much.

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Thanks Hauling!!

On EQ I have one collection and one account showing lates + BK

On TU I only have the BK

On EX I have 2 paid judgements, 2 collections + BK

AAoA is about 2 years on EQ, longest history is the BK from 2001, after that, it's 2003 for oldest account

AAoA is about 7 years on EX, longest history is from 1998 for oldest account (closed account)

AAoA is about 7 years on TU, longest history is from 1998 for oldest account (closed account)

With this extra info, what do you think my chances are of making it 700+ across all of my scores?

Thanks again!!!

[MarineVietVet]

You need to make sure you are calculating AAoA correctly. (I'm not saying you didn't do it right but just in case).

Your AAoA is the sum of the ages of every account (except CA collections or PR's) on your report, whether open or closed, calculated in months, divided by the number of accounts and then divided by 12. I use the division by 12 to make it easier to convert into years. This is measured from the time each account was opened until present.

You’ll need to figure the age of each account, open or closed, on each report. If all three reports are identical (very unlikely), you're in luck; otherwise, you'll need to run this for each report.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".