Re: I'm surprised my credit score only went up 6 points when my bankruptcy dropped off my report. :[ Edited ]
03-25-2012 08:16 PM - edited 03-25-2012 08:20 PM
I was waiting for something like a 45 point score jump, based on other stuff I've read here, and my score only crawled from 712 to 718. Very surprising and somewhat disappointing.
It seems like BK has less effect on your score the longer you go. I think that your recent account and utilization may be affecting your score more. I bet your scores will come up once you let those accounts age and you pay down your balances.
I'm almost 4 years post BK and I estimate that my EQ score should be close to 700 now ( I haven't checked it in about a month). I'm planning to continue to manage my credit obsessively- minimal to no new applications, paying my bills on time and keeping my utliization low. I should be in the mid to high 700s when my BK drops and I won't be too suprised if I don't get a huge jump in my score.
FICO Scores: TU 735 EQ 695 EX 740 (Feb 2013, all pulled by lender)