cancel
Showing results for 
Search instead for 
Did you mean: 

Weight of BK on score over time

tag
raisemysc0re
Established Contributor

Weight of BK on score over time

My chapter 13 was filed on Nov 08, 2013 and was discharged on July 18th, 2016.

I have read many times that the weight of a BK diminishes over time but I was wondering if anybody knows by how much and if there are certain intervals...

For instance, with all other variables being equal, should I expect a small increase in my score every month as the BK ages or a big increase at certain times like 6mo, 1yr etc...

If it is every month would the score increase be greater as it ages or less? IE 2 points every month for the first year then 4 point every month the second or vise versa?

 

| | | | | | | | | | | | | | | | | |
Starting Scores (06/2016):

Current Fico8 Scores (Updated 10/24/23):

Current Fico9 Scores (Updated 10/24/23):


Message 1 of 4
3 REPLIES 3
Scupra
Super Contributor

Re: Weight of BK on score over time

There is no way to know how many points you will gain as it ages because there is far too many variables with a report. With a BK reporting you will not be able to get much above 740 ish.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 2 of 4
michaels88369
Frequent Contributor

Re: Weight of BK on score over time

So around 740's are the cap with a bk reporting?
Credit conscience!
Message 3 of 4
Scupra
Super Contributor

Re: Weight of BK on score over time


@michaels88369 wrote:
So around 740's are the cap with a bk reporting?

Sadly, yes haha

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
801 EQ FICO 06/2022
797 TU FICO 04/2022
793 EX FICO 04/2022
$30k NFCU Platinum | $30.7k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold | NFCU Platinum #2 $19.3k | Apple $8.5k
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.