topic Score limit with BK reporting in Bankruptcy

Score limit with BK reporting

Bankrupt2019 — Sat, 04 Jan 2020 20:12:12 GMT

So I’m assuming that there’s a cap to the maximum score that can be attained with a BK on your file. Does anyone know what this magical, mythical, albeit theoretical number might be?

I’m fresh out of the gates on the bankruptcy just looking to rebuild and get a mortgage in a couple of years. I have a great income, own all of my vehicles and thanks to bankruptcy don’t have any credit card debt, so I have no *need* for credit other than an eventual home purchase.

Re: Score limit with BK reporting

Anonymous — Sat, 04 Jan 2020 22:00:21 GMT

I've never heard of a set maximum but it's going to depend on your existing file, the thickness, age of BK, etc. So many factors. I was on this site a few years ago and many people post BK got in mid 700s only a few years later

Re: Score limit with BK reporting

Shooting-For-800 — Sat, 04 Jan 2020 22:37:56 GMT

I think 750 is very possible which should be good enough for about any normal credit request without BK blacklist.

I stay over 700 in Fico 8s with multiple inquiries, new accounts, and 20% or under ultization (0% promos)

Re: Score limit with BK reporting

Harriet — Sat, 04 Jan 2020 23:19:19 GMT

From what I’ve seen here the cap would be 750. I’d be thrilled with that number.

My main concern and goal is a new mortgage. Conventional financing after bankruptcy Is a 4 year wait. 20% for a down payment, hopefully a mid 700 score, I’d love to get a great rate. Seems doable if I work at it.

Re: Score limit with BK reporting

FireMedic1 — Sun, 05 Jan 2020 01:20:19 GMT

740's is usually the max. I did touch 751 for a few weeks. Year 2 post DC was 720's. As 4 yrs came on been sitting at 740's since last July. Many factors go into it.Especially oldest account and higher AAoA does a lot.

Re: Score limit with BK reporting

Bankrupt2019 — Sun, 05 Jan 2020 01:32:32 GMT

This is promising, do you have a thread anywhere that covers your process to getting where you are today?

Re: Score limit with BK reporting

FireMedic1 — Sun, 05 Jan 2020 18:52:09 GMT

@Bankrupt2019 wrote:
This is promising, do you have a thread anywhere that covers your process to getting where you are today?

Not really. I was a reader and didn't post much. I took in all that I could and applied it to my rebuild. Every move I made was researched on here so I could be successful and do it right. Now you cant shut me up. I pass it forward now since I've been there done that and enjoy helping others do the same.

Re: Score limit with BK reporting

Scupra — Thu, 09 Jan 2020 17:53:48 GMT

I was never able to pass the 760 mark and tend to hover in the 750's

Re: Score limit with BK reporting

soxfaininfl — Fri, 10 Jan 2020 06:19:40 GMT

So 750 to 760 is the ceiling for us BKer's. I was wondering this too.