topic Three months post BK DC... 700 FICO! in Bankruptcy

Three months post BK DC... 700 FICO!

ANGEL99 — Thu, 21 May 2020 02:39:08 GMT

I will preface by saying my results are not typical. And I hope this helps inspire others to know there is light at the end of the tunnel. Sometimes sooner than you think! It is amazing to be where I am today and I am immensely grateful.

Filed 11/2019 (Scores were mid 500s)
DC'd 2/2020 (within 30 days of DC scores were low 600s)

Cards within 30 days of DC:

-Cap1 Plat $3000
-PayPal Credit $2500
-Mission Lane $750
-CreditOne $700
-Ollo $500

Was also an AU on:

-Citi Double Cash $4700
-Amex Delta SkyMiles $31800

For Installment:

-Auto Loan (local credit union 8%, new loan not a reaffirm)
-Student loan payments kicked backed in as well

Today my FICO 8 scores are:

EQ: 701
TU: 687
EX: 685

Interesting enough.. FICO 9 shows:

EQ: 747
TU: 730
EX: 704

I am using the AZEO method and util is 1-9% on one card. All of my collections fell off. In fact, many of my accounts were deleted rather just marked IIB. I attribute getting some TLs removed by disputing any inaccuracies right after DC. YMMV. The DOFD on most of my debt was from early 2015. I always suspected that once you have an IIB notation the DOFD does not matter. That appears false. I honestly may have tried to ride out the SOL but I had some tax debt a good chunk of the debt was also a credit union who were getting aggressive.

For now, I am letting time do its thing while I wait the two years to get another mortgage. I am content with where and what I have and time will be my friend.

Re: Three months post BK DC... 700 FICO!

AllZero — Thu, 21 May 2020 02:33:09 GMT

Congratulations on your success!

Re: Three months post BK DC... 700 FICO!

Fx6cowboy — Thu, 21 May 2020 02:52:16 GMT

Nice, it's taken me over a year and a half to finally see 700. Contgrats!

Re: Three months post BK DC... 700 FICO!

EverForward — Thu, 21 May 2020 03:21:02 GMT

Congratulations 🎈🎉🍾🎊 You're doing very well with your rebuild. Thanks for the DP.

Re: Three months post BK DC... 700 FICO!

Azuieldrago — Thu, 21 May 2020 06:18:59 GMT

Nice.

Re: Three months post BK DC... 700 FICO!

jmos — Thu, 21 May 2020 17:04:59 GMT

Wow!! That's incredble!! Congrats!! Good Job!!

Re: Three months post BK DC... 700 FICO!

Guyatthebeach — Sat, 23 May 2020 22:50:45 GMT

Congratulations on those scores! Excellent work!

Guyatthebeach

Re: Three months post BK DC... 700 FICO!

FireMedic1 — Sun, 24 May 2020 11:17:54 GMT

Sweet. Good start out of the gate!

Re: Three months post BK DC... 700 FICO!

TekkenQQ7 — Mon, 25 May 2020 02:56:12 GMT

@Fx6cowboy wrote:
Nice, it's taken me over a year and a half to finally see 700. Contgrats!

Same here, almost 2 years.

Re: Three months post BK DC... 700 FICO!

TekkenQQ7 — Mon, 25 May 2020 02:57:01 GMT

Re: Three months post BK DC... 700 FICO!

twono — Tue, 26 May 2020 23:33:23 GMT

Daaaayyyyyuuuummmm.....! Makes you wonder if anybody really knows the best path to a rebuild.

I'm 8 months posts DC, and my scores have been stuck at TU 620, EX 623 and EQ 652. Those were nearly my scores soon after DC.

Acquired 3 new unsecured cards for $2200 Credit One, $2500 local CU, and $1100 OLLO that already got auto CLI'd to $2600....and KOHLS with 4 yr history and $3000 limit survived BK>

Student loans reporting perfect as well.

Reports were clean prior to filing. Just pulled my TU to look at my soft pulls, and none of the 40 accts are reporting any negative marks.

EX is showing all my accts as 'deroratory' though,, it's an EX and just have to live with apparently.

5% on 1 card, 1% DTI, 6 inquiries total.

I feel like EQ is where i should be. The other 2 are slacking.

Sorry for the somewhat threadjack, just starting to think i'm doing something wrong?

Re: Three months post BK DC... 700 FICO!

Anonymous — Wed, 27 May 2020 17:48:24 GMT

Congratulations!!!!!!!!!!!

Re: Three months post BK DC... 700 FICO!

ANGEL99 — Wed, 09 Sep 2020 16:40:11 GMT

Quick update.. I am now 7 months out and scores are:

FICO8:

EQ - 708

TU - 690

EX - 683

FICO9:

EQ - 751

TU - 737

EX - 717

FICO9 scores blow me away!

Not much has changed since my last post.. keeping util under 5% and I do have one new installment with local credit union (they have been amazing). Also refi'd my car with them and went from 8% interest to 4%!

Re: Three months post BK DC... 700 FICO!

Caliboy97 — Wed, 09 Sep 2020 18:28:26 GMT

Your post shows there is light at the end of the tunnel ! I'm expecting to receive my discharge next week. How long did it take to open up al the unsecured cards post discharge?

I am a part of a few credit unions so thinking of tossing together a couple secure cards from NavyFed, Schools First, and maybe Altura since I'm in good standing with all then work on unsecured ones.

My auto Loan isn't reaffirmed but keeping it for now since due to covid I'm furloughed but once I get back my income goes up substantially back to normal I plan on getting a new vehicle probably around 6 months out.

Re: Three months post BK DC... 700 FICO!

coreyb80 — Wed, 09 Sep 2020 22:45:05 GMT

Congrats on the great success!