Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Credit Score Increase

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Credit Score Increase

    I'm really new here. So, this could've very well have already been discussed.

    Since filing for CH7 back in mid-June, my credit score has increased 128 points.

    Is this normal? Should I expect a drastic decrease in the near future? I was in the mid-500s, and now in the upper 600s.

    Thanks in advance!

  • #2
    Absolutely normal after discharge. The fact that many of your "bad" debt has either been deleted from your credit report, marked $0.00 as owed, and with the account(s) now marked as closed "included in bankruptcy" (IIB), actually does help. Some people get a bigger bump but a lot has to do with which creditors delete the old junk, and what you have that remained with positive reporting history.
    Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
    Status: (Auto) Discharged and Closed! 5/10
    Visit My BKForum Blog: justbroke's Blog


    I am not an attorney. Any advice provided is not legal advice.

    Comment


    • #3
      Thanks, just broke.

      Is that the norm for those of us prior to discharge as well? I just completed my 341 meeting one week ago today.

      Comment


      • #4
        Your credit score, well anyone's credit score, will likely do somersaults during the time of filing, before and after the 341 Meeting, and through discharge and close. This is as the various credit providers update their records and things are removed and/or updated in your credit profile.
        Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
        Status: (Auto) Discharged and Closed! 5/10
        Visit My BKForum Blog: justbroke's Blog


        I am not an attorney. Any advice provided is not legal advice.

        Comment


        • #5
          We haven't had our 341 yet -- let alone discharge. Both of ours have gone up quite a bit, as they have zeroed out balances & all but one have removed the "30 days late" etc.

          Comment


          • #6
            Mine took a decent jump after filing as several accounts disappeared completely. Most still show "derogatory" or "in collection status" now but I'm sure will update shortly to "IIB" as they get word of my discharge.
            This post does not constitute legal advice. If you use this advice instead of that of a lawyer, God help you.
            Filed CH 7: 5/11/17 341: 6/12/17 Discharge: 8/14/17

            Comment


            • #7
              It's going to flip-flop. Mine was at 610 last month just before discharge. I just checked it today and it is at 605. I made a $30 purchase today on my Kohl's card that somehow survived the bankruptcy (first time I've used it since pre-filing--I had a zero balance on it at filing time) and plan to pay that balance this week, so hopefully that will get some positive action going towards my credit score.

              Comment


              • #8
                Just the mere act of filing increased my credit scores by about 50 points, and discharge brought another 25-30 point increase. Of course, I had tons of old, defaulted debt, which was in collections, and one had gone to judgment. Two of my creditors, Discover Bank and a JDB which purchased my defaulted Citibank credit card kept reporting a new "charge-off" status every month to help torpedo my credit scores.

                Upon filing, the JDB completely deleted its account from my credit reports, and after discharge, Discover updated the account to $0 owed, and their judgment was marked "discharged" on some credit reports and "satisfied" on others. By the time I was discharged, all of my debts, except for Discover Card, were completely removed from my credit reports. Eventually, even Discover was deleted from my credit reports, well before the 7-year time limit. For a while, I had nothing on my credit reports; eventually, I got a Capital One credit card and Target credit card, which are in good standing.

                Comment

                Unconfigured Ad Widget

                Collapse
                Working...
                X