BK7+6Y - Rebuilding from 750 to 800?

[Anonymous]

Hey everyone, I filed BK7 in May 2014 and was discharged Aug 2014. I followed @SoulMaster 's guide pretty closely and rebuilt to 700 in around 2 years. I've had some ups and downs with balances but Im nearly debt-free now and my score has plateaued around 740 - 750.

I currently have a Share-secured RBFCU loan with a few bucks left on it and:

Account	Limit	Opened
Synchrony RTG	$  15,000.00	08/11/15
Target MC	$  11,000.00	12/01/15
CapitalOne QuickSilver	$    6,500.00	12/07/15
Barclay Rewards	$    5,000.00	03/02/16
Discover It	$    8,600.00	03/05/16
Syncrony Amazon Store Card	$  10,000.00	12/01/16
NFCU Visa	$  25,000.00	06/19/17
RBFCU MC	$  23,000.00	09/01/17
Barclays Uber Visa	$  12,500.00	11/09/17
NFCU AMEX	$  25,000.00	12/07/17
QuikTrip Gas Card	$    1,000.00	08/03/18
Synchrony Marvel MC	$ 6,000.00	11/08/18
CapitalOne Walmart MC	$ 1,000.00	10/08/19
CapitalOne Savor	$10,000.00	02/25/20

The Savor has a $5000 balance at 0% APR, the rest are rarely used and paid in full monthly.

Any suggestions to continue rebuilding up towards 800?

[Anonymous]

Once BK falls off you should easily hit 800+, especially using share loan trick and having aged accounts. But the BK suppresses it for now

If you're interested in Amex, you could try for some of their cards? : )

[Scupra]

I am in the exact same situation except I discharged in 2012. Like Dumbee stated, we are just held back due to the BK being on our report. Your scores are as good as they will be with the BK. Hang in there

[grassfeeder]

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@Scupra wrote:
I am in the exact same situation except I discharged in 2012. Like Dumbee stated, we are just held back due to the BK being on our report. Your scores are as good as they will be with the BK. Hang in there

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As everyone else has already chimed in, it is what it is.  I've been stuck at 740-745 for the last few years.  I've got till July of 2022 till I hopefully see some gains up.  My BK is almost a mirror is Scupra.  We were in the mud together back in the day.

[Anonymous]

It is perhaps worth mentioning that for most practical purposes, it really doesn't matter.

A 700+ credit score already qualifies you for just about anything you could possibly need. I've seen breakdowns of how banks categorize you into a 'tier' by credit score and generally the "top" tier has a minimum of somewhere between 720-760.

Going from 750 to 800 may provide some level of personal satisfaction but it's not going to impact your life at all in a practical sense - just my $0.02.

[pizza1]

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@Anonymous wrote:

It is perhaps worth mentioning that for most practical purposes, it really doesn't matter.

A 700+ credit score already qualifies you for just about anything you could possibly need. I've seen breakdowns of how banks categorize you into a 'tier' by credit score and generally the "top" tier has a minimum of somewhere between 720-760.

Going from 750 to 800 may provide some level of personal satisfaction but it's not going to impact your life at all in a practical sense - just my $0.02.

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@Anonymous , To most members here on the forums, an 800 score is a personal goal that they strive for,  ( me included), so its not impractical of someone like OP to want to work towards that amazing goal.  Again, lets help OP towards their personal goals instead of telling them its not going to impact their life , because you dont know that. 

[Brian_Earl_Spilner]

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@Anonymous wrote:

It is perhaps worth mentioning that for most practical purposes, it really doesn't matter.

A 700+ credit score already qualifies you for just about anything you could possibly need. I've seen breakdowns of how banks categorize you into a 'tier' by credit score and generally the "top" tier has a minimum of somewhere between 720-760.

Going from 750 to 800 may provide some level of personal satisfaction but it's not going to impact your life at all in a practical sense - just my $0.02.

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While having a score at 750 is all you really need for the best rates, those on certain clean scorecards will take a significant hit when applying for credit. It's advantageous to have the score high enough that applying for something doesn't knock you out of that position. It's not unheard of for people to take a 30 point hit once they get above 750.

[babygirl1256]

Just keep paying and waiting . . . your scores will eventually increase. 

[Guyatthebeach]

DKB140,

My bankruptcy recover mirrors @Scupra's and I used @SoulMaster's guide with a few modifactions.  My bankruptcy falls  this year, and it's already fallen off Transunion. Currently on Experian, it's 784. I'm hoping to crack the 800 barrier this year. 

I personally think your profile is excellent and your score will keep climbing.  Keep doing what you are doing. I know you have a loan out there, but do you have a separate non-credit card line of credit, like a PCOC, or a car loan?  That's the only thing I see that would help your credit mix.

Guyatthebeach

[DoogieBall]

Those are some good limits.  I noticed huge jumps after EE on all CRAs.  The largest was a 135pts on EQ which took me to 840 (from 705) and TU and EX jumped past 800