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1st iib account dropped 6 years post BK7! Feeling good!!!

CAMailman
Frequent Contributor

1st iib account dropped 6 years post BK7! Feeling good!!!

I got several alerts from Credit Karma, WalletHub, Mint, etc this morning... that one of my iib accounts has dropped off my credit reports! This made my morning feeling good!

 

Although, I was under impression that iib accounts starts to fall off 7 years post BK7...nevertheless I'm happy!

 

BK7 filed 3/15, discharged 6/15 if that answers your question(s).

BK7 Filed 3/15, Discharged 6/15

Starting FICO 7/5/15: EQ: 490, TU: 497, EX: 477
Current FICO 3/28/19: EQ: 731, TU: 707, EX: 735

Current Cards my own:
Discover: Opened 11/15, SL: $1,500, Current CL: $6,000
Sears Citi MC: Opened 12/17 SL & Current CL: $5,000

AU on my wife’s cards:
AmEx ED: Current CL: $1,500 (Opened 1/16)
AmEx CMC: Current CL: $22,000 (Opened 11/18)
Chase Freedom Unlimited: Current CL: $11,900 (Opened 4/18)

CitiMortgage, Opened 12/17

My own AmEx Magnet Card, opened 8/20 SL $6,000
Apple Card 12/20 SL $5,000
Message 1 of 6
5 REPLIES 5
AllZero
Super Contributor

Re: 1st iib account dropped 6 years post BK7! Feeling good!!!

Congratulations on your success!
Message 2 of 6
ZX14RIDA
Frequent Contributor

Re: 1st iib account dropped 6 years post BK7! Feeling good!!!

Congrats

NFCU secured card $600 First Premier $300 Mission Lane $600 Capital One Platinum $3000 Equifax fico 8 638 Transunion fico 8 623 Experian fico 8 617
Message 3 of 6
coreyb80
Valued Contributor

Re: 1st iib account dropped 6 years post BK7! Feeling good!!!

Congrats and much continued success to you!

Message 4 of 6
chalupaman
Super Contributor

Re: 1st iib account dropped 6 years post BK7! Feeling good!!!

Excellent work! Smiley Happy

Main cards: Penfed Power Cash Rewards - $10k, Kay Jewelers - $5.5k, Jared - $4.5k, Capital One Platinum - $3k, Best Buy - $2k, Amex Delta Gold (AU) - $1k, NFCU cashRewards - $500

Other cards I use atm: Firestone CFNA - $2.4k, CareCredit - $1.5k, Mercury MC - $1.5k, Amazon Store Card - $600, Ollo MC - $600, Mission Lane Visa - $500

Other TLs: Appliances Connection - $3.8k, Wayfair Fortiva - $2k, Williams Sonoma - $600, NY & Company - $500, Macy’s - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: EX - 671, EQ - 686, TU - 672
Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516
Total TLs: $43k
Total Utilization: 2%

It is possible to get your credit back into shape. Just be patient, let accounts age when needed and apply for what you need.

Message 5 of 6
angelofmusic86
Frequent Contributor

Re: 1st iib account dropped 6 years post BK7! Feeling good!!!

Congrats!

 

I think they fall off 7 years past date of first delinquency.  So in my case, I'd have things fall off in 2026 since I charged off in 2019.

CH7 Filed 05.01.2020; Discharged 10.21.2020

10.22.2020 FICO8 Scores: EQ 615 TU 560 EX 581
04.08.2021 FICO8 Scores: EQ 665 TU 672 EX 661

Rebuild progress: Kohl's $300, CreditOne Rewards $700, CapitalOne QS $0AF $3,000, PenFed PCR $3,500
Gardening until November 2021.
Message 6 of 6
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