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How many points do you get when your BK falls off

How many points do you get when your BK falls off

 

Anyone have any idea how many points you may receive when your BK falls off after 10 yrs? 

Message 1 of 7
6 REPLIES
Community Leader
Senior Contributor

Re: How many points do you get when your BK falls off

There are no set numbers as everyone’s profiles are different. 

Ive seen scores have a huge jump (up to 80 pts) and I’ve actually seen numbers decrease (because of the profile being in a different bracket). 

Typically it increases, but there is no set number. 

AMEX PLATINUM, DELTA PLAT & SPG | PenFed PR | NFCU FS | Discover IT | CAP1 VENTURE | LOWES l NORDSTROM I MACYS I WAYFAIR I
Message 2 of 7
Community Leader
Super Contributor

Re: How many points do you get when your BK falls off

depends on your rebuild since your DC date, and what your utilization is like at the time the BK comes off. Also, if you have any negatives after your DC like lates etc..

If you had a pristine rebuild, no negatives after the DC date, and your overall utilization is low like <9%....then scores could easily jump 70-130 pts depending on certain factors.

Scores held down by umpteen INQ & New accounts, and a paid off loan and new loan reporting.
Message 3 of 7
Community Leader
Super Contributor

Re: How many points do you get when your BK falls off

I remember mine, it was nothing earth shattering and in no way did I break 800 just because it fell off. I think if you have as already been establishing credit, and the further away from the bk, the less impact it has on your score. Goes up for sure but just depends on your current profile I'd say. Will add nothing sweeter than to see no derogs listedSmiley Wink



Gardening since 6/13/18
Goal: No hps or cli requests at least til 1/1/19, 7/13/20 preferable
Message 4 of 7
Established Member

Re: How many points do you get when your BK falls off

I had already cleared off all my derogs by the time my BK was close to falling off. When it was removed from EQ and TU I saw increases of about 70 points. For whatever reason, when EX finally removed it, I only saw an increase of about 40 points. EX and I don't get along at all.

Current FICO 8: EXP 732 | TU 770 | EQ 796
Message 5 of 7
Regular Contributor

Re: How many points do you get when your BK falls off

It all depends on your profile and current score.  I have been rebuilding and got most of my scores into the 700's.  I don't think mine will jump that much.  I will be contacted the credit bureaus again in a few months to have some other stuff removed early.  I prefer to be proactive and get my score up as I want to buy ahouse once it is fully removed from my credit report.


FICOBeginning (6/2017)Current
Equifax636695
Transunion627683
Experian623707
Message 6 of 7
Established Contributor

Re: How many points do you get when your BK falls off

I would think 50 points or less if you have properly rebuilt your credit over the last 7-10 years.

No one is going from 750 to 850.

GL!

credit rebuild started 01/01/14
$100k credit card goal achieved 10/01/17
now in the garden with $150k in credit cards
--------------------------------------------------------------------------------------------------
  $ 30,000          $ 25,500          $ 23,750             $ 17,500             $ 7,000            $ 1,800     


  $ 17,000          $ 10,000              $ 6,000            $ 4,000     
Message 7 of 7