Valued Contributor
chasmith
Posts: 1,062
Registered: ‎05-26-2010
Re: when to stop paying on stuff before filing ch7

People on these forums say that their scores didn't drop as much and rebounded sooner if they had no negatives before filing.  Yes, the IIB is a major derogatory, but if you have a clean record before filing it reduces the number and variety of negatives.

 

But, if you already have a bunch of lates on your report, a few more before the IIB won't hurt as much, it's the first one that hits the most.

 

Be careful about saying you've decided to file and then charging on your cards, whether or not you continue to make payments.

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
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