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will my score increase when my BK falls off in June 2012

Moderator Emeritus

Re: will my score increase when my BK falls off in June 2012

BK's age off based on date of filing rather than discharge.

 

So CH 7's will report for about ten years from filing date.

Just puttin' syrup on something, don't make it pancakes.
Message 11 of 18
New Visitor

Re: will my score increase when my BK falls off in June 2012

My BK fell off recently in Jan 2013 (after 10 years) I did a short sale on my condo in 2011 - skipped 2 months of payments so my credit report shows 60 days late on that mortgage. Just got notice that my fico score dropped from 696 to 666 a month after the BK fell off. A little discouraging because I was expecting an increase, but now understand that the 2 months of late payments has more effect on my score now that the BK is gone.
Message 12 of 18
Valued Contributor

Re: will my score increase when my BK falls off in June 2012

Yes. Making any late payments after BK looks very bad to lenders. You are supposed to be a model citizen from here on out. Try to be perfect for now on. :-)

My BK 7 will fall of in Aug...can't wait! My BK 13 fell off in Oct. No late payments since BK. I'm looking for a big increase...crossing fingers.
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 13 of 18
Frequent Contributor

Re: will my score increase when my BK falls off in June 2012

My chapter 7 was filed on 2-1-03 and has fallen off my experian fako, equifax fako and credit karma (transunion fako).  Does this mean they are definatly off my true fico reports? 

NFCU Sig Cash-20k/ Amex BCP-19.4k/ Amex Costco-1.2k/Chase Marriott-12k/CSP-13.4k/ Freedom-5.5k/ Discover IT-14k/NCSECU-5k/Walmart-10k/Lowes-25k
Message 14 of 18
Established Contributor

Re: will my score increase when my BK falls off in June 2012


dabrian wrote:

My chapter 7 was filed on 2-1-03 and has fallen off my experian fako, equifax fako and credit karma (transunion fako).  Does this mean they are definatly off my true fico reports? 


Yes. All those sites pull your REAL credit report to give you a FAKE credit score. Technically, the credit scores aren't  fake. Just usually unhelpful. 

 

Congratuations. Pull your credit report on this site and let us know how much of a score bump you got. 


BK in January 2008---Barclay's Apple Financing Card ($10,000) --- Capital One Quicksilver ($13,000)--- Platinum Delta Skymiles ($29,500) --- GEMB CareCredit ($10,000) --- AUFCU ($10000)---Discover IT ($28,000)

Experian 746 Transunion 806-- July 2017
Message 15 of 18
Highlighted
Frequent Contributor

Re: will my score increase when my BK falls off in June 2012

TY.  I'm gonna pull my reports as soon as my util updates after the first of the month.  Bankruptcy gone plus util going from 35% to 1%.

NFCU Sig Cash-20k/ Amex BCP-19.4k/ Amex Costco-1.2k/Chase Marriott-12k/CSP-13.4k/ Freedom-5.5k/ Discover IT-14k/NCSECU-5k/Walmart-10k/Lowes-25k
Message 16 of 18
Valued Contributor

Re: will my score increase when my BK falls off in June 2012

 I wanted to bump up this thread to see if there is anyone with recent experience to see what the impact on FICO scores were for having a BK drop off your CR.  Veterans, please post!

FICO 08: EX-690, EQ-707, TU-697 - [9/19/2017]
FICO 04: EX-684, EQ-681, TU-724 - [9/5/2016]
NFCU NavChk 15K | NFCU Visa 6.99% 25K | CapOne 43K | CapOne 7K | Barclay Aviator 9.5K | Discover 19K | BECU Visa 10K | BECU PLOC 2.5K | DCU 7.5K | BofA 5K | Citibank secured 1K | CareCredit 10K | Lowes 10K | Amazon Prime 10K ***
173K Total Revolving
BK 7 Filed 8/23/2013 - Discharged 11/27/2013.
Message 17 of 18
New Visitor

Re: will my score increase when my BK falls off in June 2012

My FICO score increased almost 100 pts from 736 to 835 the day my bankruptcy fell off.

Message 18 of 18