Reply
Regular Contributor
TilltedBrim
Posts: 123
Registered: ‎09-25-2011
0

Is there a cap on a FICO score with BK reporting?

Is there a cap on a FICO score with BK reporting?  What is the highest I can expect my score to get to after filing in 2006?  Thank you

After falling off the wagon while in the garden... And going 2 for 4 on a drapping spree I've finally received my coveted Discover More. And now I'll limp back to the garden.
Regular Contributor
somotao
Posts: 229
Registered: ‎08-13-2011
0

Re: Is there a cap on a FICO score with BK reporting?

I have heard of those getting 720 or so with BK reporting on their credit report.


Starting Score: 500s
Current Score: EQ: 693myFICO(9/7/12), TU: 710myFICO(9/2/12), EX Plus:701(lp,4/16/12)
Goal Score: 700

Wallet: Discover IT $2000, Capital One Platinum $12000, Barclays Rewards $4700, Walmart $2600, Amazon Store Card $1250.
Keep the Hearth of your Thoughts Pure, by so doing you will be Happy and bring Peace!
Regular Contributor
TilltedBrim
Posts: 123
Registered: ‎09-25-2011
0

Huh.... That sucks.  When my utilization was at 5% a coup...

Huh.... That sucks.  When my utilization was at 5% a couple of months ago my TU score was 718 and my EQ was 704.  So if around 720 is the cap then I don't have much to look forward to.  

After falling off the wagon while in the garden... And going 2 for 4 on a drapping spree I've finally received my coveted Discover More. And now I'll limp back to the garden.
Frequent Contributor
fuzzybean
Posts: 309
Registered: ‎04-04-2012
0

Re: Huh.... That sucks. When my utilization was at 5% a coup...

[ Edited ]

My husband's FICOs (that we paid for on myfico.com) were 722 (TU) and 716 (EQ) last month.  Our BK was discharged 12/07.

Regular Contributor
somotao
Posts: 229
Registered: ‎08-13-2011
0

Re: Is there a cap on a FICO score with BK reporting?

From what I have learned, Fico scoring also places people in different scoring buckets/groups, these buckets use different scoring formulas and they vary by group. Unfortunately those of us who are in the BK bucket  have a maximum of where we can reach with our scores. A BK has a huge impact on our credit scores. If we are using tools from myfico like the score estrimators and focus on the "reasons for XXX Fico" message we receive, it is a little bit misleading because they are programmed as though we do not have a BK. Lets look on the bright side, wtih diligent work we can strive to get the best scores that are available to us in the BK bucket. Once the BK drops of our credit we will then be placed in a bucket of those who don't have BKs and we can see huge jumps on our credit scores.

 


Starting Score: 500s
Current Score: EQ: 693myFICO(9/7/12), TU: 710myFICO(9/2/12), EX Plus:701(lp,4/16/12)
Goal Score: 700

Wallet: Discover IT $2000, Capital One Platinum $12000, Barclays Rewards $4700, Walmart $2600, Amazon Store Card $1250.
Keep the Hearth of your Thoughts Pure, by so doing you will be Happy and bring Peace!
Established Contributor
aussiesareforever
Posts: 741
Registered: ‎10-04-2010
0

Re: Is there a cap on a FICO score with BK reporting?

My TU score was about 730 in May. I haven't checked it in a while ( I got it after I was approved for my Barclay card) so I'm not sure where I am now. My BK was discharged in 2008

 

There are reports of people in the high 700s with a BK reporting. Just keep keeping on.

BK in 2008, after making very stupid financial decisions.

Barclay's Apple Financing Card ($6400) --- Capital One Quicksilver ($10,000)---GEMB CareCredit ($5700) --- AUFCU ($10000)--- Walmart ($5000)

FICO Scores: TU 735 EQ 709 EX 740 (Feb 2013, all pulled by lender)

Regular Contributor
whipster
Posts: 119
Registered: ‎01-11-2009
0

Re: Is there a cap on a FICO score with BK reporting?

My TU is 723.

 

BK discharged 3 years almost to the day.

Valued Contributor
chasmith
Posts: 1,062
Registered: ‎05-26-2010
0

Re: Is there a cap on a FICO score with BK reporting?

TU just pulled on MyFICO is 728, about the only thing I could improve would be to take inquires to zero and improve AAOA.

 

Mt BK is also coming up on three years from discharge.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge
Regular Contributor
jnkp2001
Posts: 135
Registered: ‎01-04-2012
0

Re: Is there a cap on a FICO score with BK reporting?

I think the highest I've read was either 740 or 760.  I've also read anything over 760 is gravy,,,:smileywink:

FICO EQ: 633 8/15/12
lender pulled 11/3/12 EQ 661 TU 650 EX598
credit Karma 674 credit sesame: 663
B/K discharged 2/2006......closed 8/2012

May your limits be high and your balances low!

Established Member
jeffrey930
Posts: 15
Registered: ‎12-05-2007
0

Re: Is there a cap on a FICO score with BK reporting?

TU 735 for me. BK discharge 2004

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}