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Shocked how fast this is

tag
nykos5000
Regular Contributor

Re: Shocked how fast this is

I officially filed a CH 7 on August 28th this year and my meeting of creditors is next week. A lot of my tradelines have been updated to IIB with a $0 balance. This caused my score to jump 60 points on TU and 40 on EQ. Not sure how much things have changed with EX but I bet once everything is updated on all three bereaus I'll probably see an 80-100 point increase. 

BK7 08/2016 | DC 12/2016

Message 11 of 13
empressj
Frequent Contributor

Re: Shocked how fast this is

in regards to reaffirming, will finance companies negotiate lower rates if you are current (never late) to prevent you from including deficient balance to bk? I read this somewhere but not sure if it's true
Discharged Jan 2017
Rebuilding credit
Message 12 of 13
sarge12
Senior Contributor

Re: Shocked how fast this is


@empressj wrote:
in regards to reaffirming, will finance companies negotiate lower rates if you are current (never late) to prevent you from including deficient balance to bk? I read this somewhere but not sure if it's true

I do not understand the question...bankruptcy, as far as I know ends negotiation with creditors. If this is for a secured debt, you can only keep the asset if you continue to make payments or reaffirm. It is sometimes possible to reaffirm the debt after the amount of debt over the value of the asset is eliminated in some cases or so I've read. This would probably require the help of lawyer and the bankruptcy court.

TU fico08=812 07/16/23
EX fico08=809 07/16/23
EQ fico09=812 07/16/23
EX fico09=821 07/16/23
EQ fico bankcard08=832 07/16/23
TU Fico Bankcard 08=840 07/16/23
EQ NG1 fico=802 04/17/21
EQ Resilience index score=58 03/09/21
Unknown score from EX=784 used by Cap1 07/10/20
Message 13 of 13
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