Scores before and after discharge?

[Anonymous]

I filed Chapter 7 and it should be discharged in a couple of weeks.  I've been watching my credit reports and scores at CCT.  Right now they are Ex-554; TU-579; and Eq-632.  Most things are seemingly reporting correctly and bouncing around between IIB or discharge in bankruptcy.  Will my scores take a hit once the discharge posts?  Or will they go up (wishfull thinking?)?  Any idea why the Equifax score is so much higher than the others?

[Scupra]

It depends so much on what your file looks like. It's too hard for us to know. Best thing I could tell you is to not worry about score until about 1 year post d/c. I know this is easier said than done but with the right work and a sold credit profile the score will follow

[CH-7-Mission-Accomplished]

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@Anonymous wrote:

I filed Chapter 7 and it should be discharged in a couple of weeks.  I've been watching my credit reports and scores at CCT.  Right now they are Ex-554; TU-579; and Eq-632.  Most things are seemingly reporting correctly and bouncing around between IIB or discharge in bankruptcy.  Will my scores take a hit once the discharge posts?  Or will they go up (wishfull thinking?)?  Any idea why the Equifax score is so much higher than the others?

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I can only speak for myself, but for me the discharge had zero effect on my FICO scores.  The big negative hit was the filing of the BK.  Discharge had no effect.

Scores jump quickly though as all your credit reports show a zero balance and as you add three revolving accounts and an installment account.

In my case, scores at filing were about 525.  Scores jumped 100 points in six months.

Your scores will vary by credit bureau based on what is in the file for that bureau.

[6speed8]

Started off 2015 at 495-515 between the three agencies. Equifax always seems to be the lowest. I had an IRS lien dismissed in late January - treated like the criminal rather than the victim of tax refund fraud. Long story on it's own lol. That removal alone had my numbers up 50-75 points by the time my discharge happened in June. I expected to lose that gain after discharge but I was wrong. Four days after discharge, I was UP 40-50 points. So for me, between the $50,000+ lien removed, all my student loans gone by disability discharge and Ch7, my debt effectively was zero.

[Anonymous]

Thanks everyone.  After discharge my reaffirmed mortgage and car should show up again and report.  Payment histories on those have been perfect all along.  I'll just need to get some revolving accounts.  

As of now, the Capital One findmycard site says I'm pre-qualified for a QS.  Not pulling the trigger until after discharge comes though.  Hope it still shows the same results in 10 or so days.  I need to rent a car  next month out of state due to a death in the family and would like to have an actual credit card to give for the rental car hold.  The rental fee is already paid for, but I'd hate to have the bother of their holds on my checking account.

[Shooting-For-800]

I would say 25-100 points up after two new credit cards within 6 months.