topic Re: After TEN YEARS in General Credit Topics

After TEN YEARS

ambivalent — Mon, 11 Jul 2022 00:31:00 GMT

I have a CLEAN report!!! I filed BK in July 2012, so that is gone. I had several medical collections...those are gone. AND I had one non-medical collection from TSI that I requested removal for AND IT'S GONE!!!

This is the first time, probably in my life, yall! My credit has been screwed up since my early 20s. I am so happy I could SCREAM. My scores are up, but still lower than they could be due to utilization, which I will have paid down significantly in the next 3-5 months. I could actually reach 800 since I have no adverse history reporting!!!

I could not even have the limits and bank accounts I do now without the knowledge I learned from folks here. Thank you all soooooo much!!!!

Re: After TEN YEARS

Ilinferno — Mon, 11 Jul 2022 03:36:12 GMT

That's amazing!! Congrats!

Re: After TEN YEARS

Adkins — Mon, 11 Jul 2022 06:40:08 GMT

Congratulations!! 🎉

Re: After TEN YEARS

SouthJamaica — Mon, 11 Jul 2022 15:07:44 GMT

@ambivalent wrote:
I have a CLEAN report!!! I filed BK in July 2012, so that is gone. I had several medical collections...those are gone. AND I had one non-medical collection from TSI that I requested removal for AND IT'S GONE!!!

This is the first time, probably in my life, yall! My credit has been screwed up since my early 20s. I am so happy I could SCREAM. My scores are up, but still lower than they could be due to utilization, which I will have paid down significantly in the next 3-5 months. I could actually reach 800 since I have no adverse history reporting!!!

I could not even have the limits and bank accounts I do now without the knowledge I learned from folks here. Thank you all soooooo much!!!!

Congratulations. Well done.

Re: After TEN YEARS

ambivalent — Mon, 11 Jul 2022 16:28:00 GMT

Thank you all! It's been such a long journey and I was so discouraged because TSI was adamant that they didn't do removals (which is consistent with what I read around the web) so when I got notice it was gone I was speechless.

I'm gardening for another month, then plan to take a personal loan to consolidate my remaining balances. I am hoping for a good score boost from that. I did notice though that my TU score, which has always been my highest, is now my lowest by about 20 points. I wonder what that's all about!

Re: After TEN YEARS

FireMedic1 — Tue, 12 Jul 2022 22:00:19 GMT

How much of a score bump did you get anyway? Congrats!

Re: After TEN YEARS

SimpleFogey — Wed, 13 Jul 2022 02:14:26 GMT

Congratulations. That is a wonderfully heartening effort.

Re: After TEN YEARS

righthererightnow — Wed, 13 Jul 2022 03:39:10 GMT

Congrats on the rebuild!!!!

Re: After TEN YEARS

MySunrise271 — Wed, 13 Jul 2022 11:01:33 GMT

Congratulations🎉🎉🎉

Re: After TEN YEARS

Anonymous — Wed, 13 Jul 2022 11:29:53 GMT

@ambivalent What an amazing and wonderful accomplishment. We are all very proud of your incredible success. It can be done, and you have proved this. Take a bow. You deserve it.

Re: After TEN YEARS

ambivalent — Wed, 13 Jul 2022 16:01:58 GMT

@FireMedic1 wrote:
How much of a score bump did you get anyway? Congrats!

I got 40+ on each FICO 8. I have some high utilization/high balances due to some 0% BT offers I am taking advantage of and furnishing our house. My mortgage scores are were really affected, EQ going from 611 to 691, TU 628 to 688, and EX 628 to 722!

Re: After TEN YEARS

SweetCreditObsession — Fri, 15 Jul 2022 15:09:46 GMT

Congratulations! It's extremely heartening to cross that finish line. Fortunately, with the hard work you've put in over the years, you're in a much better spot than many. Rebuilding post bankruptcy is critical and not everyone knows how and why they should do it. Kudos to you!

Re: After TEN YEARS

babygirl1256 — Mon, 18 Jul 2022 05:01:37 GMT

@ambivalent Congrats on your clean file . . . yes indeed, it's a great feeling to have anything purged!!! Best wishes on your continued credit rebuilding . . . take it slow and keep your spending within your self-imposed limits!!!

Re: After TEN YEARS

FishingGuy — Tue, 26 Jul 2022 00:43:31 GMT

Congratulations !!! It's a great feeling isn't it ?

Re: After TEN YEARS

azdude480 — Wed, 27 Jul 2022 15:57:38 GMT

Congratulations! I'm about two years behind you and have had a similar journey!

I had some very ''challenging' (to put it mildly) teen and adolsecent years. Lots of tragedies, a stint in juvenile detention, therapy, basically bowing out of school after missing my entire 8th grade year and only attending half of would would have been my Freshman year of high school. Not only did I miss a lot of general education, but financial education certainly wasn't on the radar. I didn't have great role models as far as finances either.

I got my first credit card at 18 when I got my first job (yay for Target). With no GED and nothing meaningful beyond 7th grade to help me out, I took the federal "Ability to Benefit" test and college entrance exams, and I tested into college-level everything and was cleared to get Pell Grants and student loans.

Between the $1000 Wells Fargo card (which took me about 1 month to max out and exceed the limit), several collections already on my report, and my new found source of wealth to use for computers and vacations ("you mean my community college classes only cost $800 this term, but you'll give me like $6000?!"), I destroyed my credit.

By the time I was about 25, I was still beyond stupid financially, but had at least landed in an actual career and gotten a tad better with money and how credit works. I had moved from the PNW to Arizona and started a new undergrad program at ASU. My collections had fallen off of my reports and, for the first time in my adult life, I qualified for credit cards. Between 25 and 29, I opened up three Chase Cards of $5000 each, a Discover for $2000, a Barclays for $2000, an Amex, and a zillion other cards. Spent years slowly but surely running up balances, getting freaked out, paying them down with personal loans, and then maxing them back out whiel still paying down the loans. Before 30 (2014), I declared Chapter 7.

Short story long--I have no debt other than student loans and soon-to-be mortage. I have no revolving debt. I make a very decent living. I have great credit scores. I have (several) savings accounts and a retirement account that are building. I'm back in with every lender (except Barclays obviously).

However, the bankruptcy lurks in the shadows (and taunts me) until 2024. So I'm happy to get an early taste of being free and clear through you. Well done and enjoy the well-deserved 800s!

Re: After TEN YEARS

Anonymous — Wed, 27 Jul 2022 18:15:58 GMT

@azdude480 Your story is inspiring. Like you, I cannot wait for the last bad marks to drop off my credit reports. Once that happens, I will truly feel free.

Re: After TEN YEARS

NoMoreE46 — Fri, 29 Jul 2022 02:23:12 GMT

10 years.
10 years.

Congratulations

Re: After TEN YEARS

ambivalent — Fri, 29 Jul 2022 15:51:50 GMT

@azdude480

I love your story, thank you so much for sharing! My financial story is very similar! Nobody taught me anything about finances (and I mean zilch), so when I got my first card at 18, $1k limit from a local CU, it was maxed out pretty quickly. Then a couple more cards...then CO, CA, late car payments, a garnishment...all of that before I was 21. So... it's been a long journey. BK came and I was relieved and started my rebuild. I now have more than enough credit (over $120k...too much!) and am just ready to get to 800, for no reason other than to prove to myself I can do it.

You will get there too, the time will fly by! I can't wait to read your post when your bk falls off!

I've learned a lot of lessons along the way, and am still learning. This forum has been life changing!

Re: After TEN YEARS

KLEXH25 — Wed, 03 Aug 2022 00:03:59 GMT

Congratulations!! It's an amazing feeling. All you can do is take it one day at a time, but your hard work has finally paid off!