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Score bump after discharge?

Valued Contributor

Score bump after discharge?

Will there be a score bump once BK has changed from "filed" to "discharged"?


Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 1 of 14
13 REPLIES
Community Leader
Senior Contributor

Re: Score bump after discharge?

I think this is different for everyone. I saw a score bump but have seen others decrease.. YMMV as always haha

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
730 EQ FICO 11/2017
750 TU FICO 11/2017
735 EX FICO 11/2017
$20k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE
Message 2 of 14
Regular Contributor

Re: Score bump after discharge?

You should see a bump as long as everything is reporting correctly.  I had to fix some things on my report and then I saw a bump.

Message 3 of 14
Valued Contributor

Re: Score bump after discharge?

Ah well, I probably won't get much of a bump unless some things decide to delete because I've been working on my report since I found myfico and everything that's supposed to is already at a zero balance.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 4 of 14
Regular Contributor

Re: Score bump after discharge?

Is everything reporting as Included In Bankruptcy?

Message 5 of 14
Valued Contributor

Re: Score bump after discharge?

Yes, $0 and iib, or just deleted. Everything except a judgment. I'll work on that when I have discharge papers in hand , that should be in about 2-3 weeks, fingers crossed.

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 6 of 14
Regular Contributor

Re: Score bump after discharge?

Sounds like you're good to go.

Message 7 of 14
Valued Contributor

Re: Score bump after discharge?

When my Chapter 13 was discharged in 2011, I think I saw a small bump of maybe 30 pts 3-6 months after the discharge (it wasn't immediate), and it kept going up into the 700+ from there. I first pulled it after discharge for a mortgage preapproval check in July 2012 and my highest fico score was 754. My score has went down about 30 pts since then because an old collection from 2009 added KD to the credit reports which refreshed the collection. Now my highest fico is 718. The Chapter 13 was deleted off my reports at the same time the collection was refreshed and I think that saved my score from a deeper hit last fall.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! Smiley Happy Last App: 4/5/13 Gardening until July 2014
Message 8 of 14
Highlighted
Established Member

Re: Score bump after discharge?

Usually when it goes from filed to discharged there is a jump.  I saw about a 65 point increase.

Filed BK 7: 2/28/2012 | Discharged: 7/24/2012
POST BK APPROVALS:
NFCU nRewards Secured Visa: $1000 7/12| Apple FCU Secured Visa: $1000 9/12
Toyota Finance Lease: 0% | 0.0008 MF 10/12
Barclay Apple Finance Visa: $2200 1/13
NFCU cashRewards Visa: $2500 3/13

Message 9 of 14
Valued Contributor

Re: Score bump after discharge?

About how long does it take for the CRAs to catch on and update your report to discharged?

Starting Score: 11/29/12 TU 527; EQ 565; EX 564 fako - bk7 dc'd 2/15/13
Current Score: 1/22/15 TU 645; EQ 605; EX 633 New goal 675
Cap1 sec $1k (SD) / Fingerhut $2k / Flagship $12k / cashRewards $12k / NavChek $15k / Amazon $2k / Von Maur $1k / Firestone $2.2k / BCU $3k / NFL $1k / QS1 $750 / Target $400 / PPSC $800 / Conoco $700 (last app 09/29/14)
Message 10 of 14