Credit Card Center Advertiser Disclosure

Established Member
Posts: 17
Registered: ‎03-18-2008
0 Kudos

Recovering after BK - 13

I was discharged from Ch. 13 2/08, filed in 10/04.  All payments were made and the plan paid off.  During the BK, I actually incurred additional debts, including two student loans, a small unsecured credit card, and an account with Dell.  I also have two unsecured installment loans with  So, over the past 3 years, I have made on time payments to all these accounts -- the student loans (opened 2/06), an unsecured credit card (opened 9/05) that has since been raised from a starting credit line of $300 to $1000, Dell account (opened 3/07) with a $2000 LOC, Prosper installment loans created 4/07 and 12/07.  I recently obtained a LOC with a credit union for $1,000.  My car was included in the BK plan, and all payments were made on time to GMAC through the trustee, so the loan is paid in full (2003 Saturn).   I have multiple checking and savings accounts -- one with a major bank and one with a credit union, that are used consistently.
My questions are these:  (1)  Other than making sure my revolving debt-to-credit limit is low (say 20-25% of available credit), what can I do to increase my scores?  Anything negative (other than inquiries) is over 3 years old, and I have over 3 years of consistent, on time payments (although some with varying lengths due to when the account was opened. 
(2)  Some of my accounts (such as the Prosper installment loans) do not show up on my Equifax report.  I am wondering if the lack of this positive credit is hurting that score.  I emailed Prosper to inquire if they reported to all 3 bureaus or just Experian, and if they don't report to all three, why not?
I want to increase my credit scores to over 680 in six months, if possible.  I am combing through my reports to see what incorrect information can be removed or corrected.
Does anyone have any information that could be helpful?  Help!  I am getting married (my fiancee has credit scores around 700) and we want to buy a house in about 6-8 months.
EXP:  3/08:  630
TRNS:  3/08 unknown - need to check, but waiting for credit union LOC to report
EQFX:  3/08  598
Valued Member
Posts: 47
Registered: ‎02-13-2008
0 Kudos

Re: Recovering after BK - 13

It sounds to me like you have done and are doing things correctly Lauren. I am now in my third year of a 13 and my scores are a bit higher than yours, but my history also might be a little longer. I have been able to open up 2 new CC's since I filed and one store card survived the BK. I almost always pif and always pay on time. I would just make sure that everything possible is reporting and reporting correctly. Maybe you should try to open up a new CC now? And remember to keep your utilizations low, preferably at 10% or lower. The process of recovering from BK takes a little time, but you should start seeing the results very soon.
EX 673 EQ 662 TU 616 as of 3/08

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.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* 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.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on 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.