Thanks for the tip ! It looks like TU has my AAofA at 4 years 3 months, Experian and Equifax has it at 6 years 10 months...
TU has my AAofA as 4 yrs 3 mos., EX and EQ has it at 6yrs. 10 mos....I guess the new accounts are probably holding me down a bit...I know everyone's situation (and credit file) is a bit different I guess I should have been more proactive in the first year post-BK....
Yes, everyone is different. Did you not start rebuilding right away? When did you start after ch7?
Hi, I read posts on here all the time about going from BK to 700 in 2 years but I must be doing something really wrong. I have a Chap. 7 BK that was discharged 313. It was almost all federal tax debt. My car was included in BK, although I kept the car, made the payments religiously, paid it off early and still have it There were also a couple of credit cards included, pretty small balances...
I know that part of my problem is I didn't do anything for the first year. I finally applied foraCapOne secured MasterCard after a year. Now I have 4 credit card accounts, I always pay in full but leave a small balance on one. I also have a small installment loan and a mortgage..Does anybody have any ideas about what I might be not doing correctly? I do have 3 new accounts this year (mortgage and 2 credit cards). Will my credit score start to increase as the BK ages or will I just have to wait until it falls off?
Thanks to everyone for the great posts!!!!
Chap. 7 BK discharged 3/2013
10/1 FICO EXP 686 TU 654 EQ 687
QS1 $7000/QS VentureOne $30000/Discover It $10000/Alaska Airlines Visa $3000
The "newness" of those accounts are the issue. Just give it time and they will age. High scores are mostly about low balances and AGE.
I didn't apply for any credit for a year after my BK discharged...foolish I know, but that's just the state of mind I was in...
It's ok, you'll get there. Just keep making your payments ontime, don't carry high balance and those scores will come!