Just filed Chapter 7 Credit score drop question.

DarthJR — Thu, 30 Aug 2018 02:22:28 GMT

So I just filed Chapter 7 and it is liste don 2 of my credit reports but they only dropped about 60 points to 622 then 50ish points down to 596.

I thought it would drop far more significantly. Unless it will drop when the discharge is given.

I've had a 100% on time, never any lates or any negatives of any kind before filing. But even with that i expected it to drop ATLEAST 100 points...

Is this the worst it will be? or will it get worse?

Re: Just filed Chapter 7 Credit score drop question.

GoingForTheMortgage — Sun, 02 Sep 2018 13:18:28 GMT

Mine dropped from around 570ish to mid 400s. I'm almost a year post discharge (this month!) and I'm in the 680s now.