Sorry for the new thread but I reached a my Goal Score today!!! It was only 600 but I had to start somewhere. I believe it could be much higher because my new credit cards statements went out before I had a chance to pay them to the right utilization, so next month should be higher(keeping fingers crossed). I did not think it would happen this quickly, so all new BK filers, start repairing your CR ASAP. Things will be reporting. We filed at the end of January 2012, Creditors meeting at the end of February 2012, and we are now headed in the right direction.
Can someone help me, would my score be higher if my Mortgage and Auto were reporting correc? I have over 4 years of payment History for both with NO LATES. Does that make a difference? I thought FICO took in account for having different types of credit. So hopefully our BK will be approved by the court soon because they will not report until then. We reaffirmed both.
Starting Score: TU 477 EQ 533 BK 1/27/2012
There is always hope. Congratulations and good luck on your credit repair journey 
I wish I would have started earlier! I only started working on it about a month ago. Haven't had a credit card since March of 2009..
For some stupid reason I thought it was pointless to start so soon. But, it's not, waiting three years is pointless. lol
You just have to play the game.. lol..
You don't have to have debt, you have to manage credit..
If you can use your cards but not overuse them then I guess they figure your a better risk. You can either make a small purchase every month and pay in full whenever the statement posts, or make one slightly larger purchase and gradually pay it off with just making the minimum payments, but then you pay interest.
Some people say it's best to have a balance on one but not the others but of course then you still have to use the others occasionally to keep them active. I had signed up for a NY and CO store card, but hadn't been in one in years. Went in there and now their clothes are awful, cheaply made rubbish. So, bought a $3 bracelet and a $5 clearance pair of slippers and paid it off as soon as the statement posted. I plan to go in and buy a pair of socks about every 6 months. lol.. Just enough to keep the account open with a reasonable credit limit to help with my overall utilization.
@Marvelousone wrote:
Congratulations! This is quite a process but starting over!
I've spent the day today stressed because after a successful BK and being what I thought was good with credit. my numbers are now dropping, did I wait too long to start rebuilding I wasn't interested in any credit and being debt free is great but now I want to buy a house and might need a car in the next year or so. My BK was in 2009 and I just lost 14 points in 2 week from Equifax!!!! Yikes.... I'm still at 721 with TU but 684 for the other two.
I'm afraid to apply for credit, do you have any suggestions, I have 2 cards now with no balance and they don't like that I guess, they only like people with debt, it's nuts? It's like I'm in between a rock and hard place. Any suggestions?