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Question: Do scores jump after...

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SinCityPaladin
Established Member

Question: Do scores jump after...

...the one-year DC anniversary (BK7)? My scores went up the day after DC. They went up again the day after my one-year filing anniversary a couple months ago in April. July 13 will mark one year post-DC, and I'm wondering if a bump up will happen the following day. Anyone know what's what here?

 

Appreciate any info anyone can share.

Filed BK7: 4/2020 | Discharged: 7/2020
EX FICO 8: 675 (11/15/2021) | EX FICO 9: 714 (9/18/2021)
EQ FICO 8: 701 (11/17/2021) | EQ FICO 9: 720 (9/18/2021)
TU FICO 8: 679 (11/16/2021) | TU FICO 9: 716 (9/18/2021)
INQ: EX = 2 EQ =3 TU = 2
__________________________________________________________________________________
$10.5K Discover it® Cash Back | $3.2K NFCU cashRewards | $3.1K Capital One QS | $2.5K PenFed PCR Visa x2 (yes, I have two PCR Visa cards with the same limit) | $2.5K Credit One AMEX | $1.9K NFCU More Rewards AMEX | $1.25K Sephora Visa | MBFS Reaffirmed Car Loan
Message 1 of 6
5 REPLIES 5
Horseshoez
Senior Contributor

Re: Question: Do scores jump after...

@SinCityPaladin, this isn't a direct 1 to 1 comparison, but one year after my Chaper 13 discharge my scores didn't move even a single point.

Chapter 13:

  • Burned: AMEX, Chase, Citi, Wells Fargo, and South County Bank (now Bank of Southern California)
  • Filed: 26-Feb-2015
  • MoC: 01-Mar-2015
  • 1st Payment (posted): 23-Mar-2015
  • Last Payment (posted): 07-Feb-2020
  • Discharged: 04-Mar-2020
  • Closed: 23-Jun-2020

 

I categorically refuse to do AZEO!

In the proverbial sock drawer:
Message 2 of 6
SinCityPaladin
Established Member

Re: Question: Do scores jump after...

@Horseshoez Bummer. I figured that might be the case as searches in myFICO and Google didn't yield any useful information. Thanks for chiming in!

Filed BK7: 4/2020 | Discharged: 7/2020
EX FICO 8: 675 (11/15/2021) | EX FICO 9: 714 (9/18/2021)
EQ FICO 8: 701 (11/17/2021) | EQ FICO 9: 720 (9/18/2021)
TU FICO 8: 679 (11/16/2021) | TU FICO 9: 716 (9/18/2021)
INQ: EX = 2 EQ =3 TU = 2
__________________________________________________________________________________
$10.5K Discover it® Cash Back | $3.2K NFCU cashRewards | $3.1K Capital One QS | $2.5K PenFed PCR Visa x2 (yes, I have two PCR Visa cards with the same limit) | $2.5K Credit One AMEX | $1.9K NFCU More Rewards AMEX | $1.25K Sephora Visa | MBFS Reaffirmed Car Loan
Message 3 of 6
pizza1
Community Leader
Super Contributor

Re: Question: Do scores jump after...

your scores will go up slightly each year depending on other factors as well like overall utilization, INQ/new accounts, any negatives post DC, etc.. It will not be huge jumps, but you'll see a gradual increase over the years.
Message 4 of 6
CH-7-Mission-Accomplished
Valued Contributor

Re: Question: Do scores jump after...


@pizza1 wrote:
your scores will go up slightly each year depending on other factors as well like overall utilization, INQ/new accounts, any negatives post DC, etc.. It will not be huge jumps, but you'll see a gradual increase over the years.

I had the same experience.   I never got a point jump on any specific anniversary dates.   I got a huge jump the day I filed and no gain the day of discharge.   Other increases happened at random times.

Message 5 of 6
chalupaman
Super Contributor

Re: Question: Do scores jump after...

I've been having huge score bumps recently after months and months of barely increasing that much. I went up 17 points out of nowhere on Experian today. Transunion was a 14 point bump. This was two years after filing. YMMV. 

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down
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