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

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as 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: (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 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

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 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 of 466 and could be lower after BK

  • Filter
  • Time
  • Show
Clear All
new posts

  • Credit Score of 466 and could be lower after BK

    Hey Yall!
    I have a question... signing the final paperwork for my Chapter 7 bankruptcy on Saturday (I think) and I am giving my car back to the bank. Right now due to my lates my credit score is 466. I am sure it will go lower than that once the bankrupcty goes through. I will need to buy a car once the bank comes and gets my current one. Will I be able to buy another one right away? Do the car offers come rolling in once you file bankruptcy?

  • #2
    Originally posted by Rozi View Post
    Hey Yall!
    I have a question... signing the final paperwork for my Chapter 7 bankruptcy on Saturday (I think) and I am giving my car back to the bank. Right now due to my lates my credit score is 466. I am sure it will go lower than that once the bankrupcty goes through. I will need to buy a car once the bank comes and gets my current one. Will I be able to buy another one right away? Do the car offers come rolling in once you file bankruptcy?
    i would look into capital one they are a a bk friendly lender. As soon as your bk dicharges you need to go get some shared secured credit card and loans to start building your credit. hopefully you get 2-3 months of payment history in before the bank repos your car and then have some re-establihed credit for you new purchase. Hopes this helps. The keys to re-establishing credit is the number of trade lines you get and how you pay them. the amount of the trade line does not matter.


    • #3
      Most likely your scores will go up after the discharge due to all of the accounts reporting Zero balances and closed account. My score went up almost 100 points right after discharge. You will be able to get credit but you should try to clean up your report as much as possible before applying. That will make your chances for approval much higher. Try Cap One, Firestone, Hooters (6 months post discharge), Barclays Itunes Visa (Must have 6months history on another account to get approved), Fingerhut and JCpenny. I got approved for these with scores at about 600 after discharge. Barclays gave me $1200 then I called to recon and got $2500. Firestone gave me $1500 now at $2200. Cap One gave me 27K for an auto loan with good rate with 2 repos included in BK. There is life after BK! Good luck


      • #4
        Thanks for the advice yall! I sign the papers this Friday finally. I am still not sure that I am making the right decision. If I could just get rid of my car and keep the other debt I would. I thought about just doing a repo but I am afraid of Santander and what they would do to me. Plus I am afraid of buying a car from a buy here pay here place. I hate making decisions!!


        • #5
          If you are able to wipe out all of the negative debt you have and start over fresh that is the best thing you can do IMO. The moment I got my discharge I felt so relieved and didnt have this huge burden on my shoulders. I let my car repo right before I filed even though it was current because it was so upside down and it was with Santander. I went and bought a $2500 dollar Durango which was exempt from the BK and drove it until I could get financed for something better. I got financed 2 months after my discharge thru Carmax/ Cap One. Who cares if you have to get a beater from a BHPH you will be trading it in anyway. File, get your scores up and start over. Good luck


          • #6
            Thank you brokr741! You are right. I am just scareed... Time to stop putting this off and just do it.


            • #7
              Same advice, I am willing to bet your Credit score will GO UP after you file. BK will fix much of what is wrong on your CR right now and stop any new negatives from accruing.

              You should be able to buy a car pretty quickly, but almost certainly only AFTER the BK; your credit is too shot right now to finance anything. Granted, you will have a large interest rate and whatnot, but you should be able to get something.


              • #8
                Originally posted by HHM View Post
                Same advice, I am willing to bet your Credit score will GO UP after you file.
                Yep - same happened to me.
                Filed CH7 9/24/2010, 341 on 10/28/2010, Disch.&Closed: 1/6/2011. FICO EX: 9/2: 672.
                FICO EQ: pre-filing: 573, After BK Public Record: 568, 10/3: 673.
                FICO TU: pre-filing: 589, After BK Public Record: 563, 9/2: 706.


                • #9
                  So my bankruptcy went through last week and I just checked my score and it is now sitting at 355.... I guess I need to find some good walking shoes.... I am so sad


                  • #10
                    When you say it went through what do you mean? Your scores will most likely go up as the accounts report closed, zero balance. Give it a little while after discharge for them to report. You can pull your credit immediately after discharge and start disputing. That's what I did


                    • #11
                      Oh that the bankruptcy has hit my credit report and only two of my accounts have updated to include them into the bankruptcy. I am just nervous because I need a car to go to work and my current car that I surrendered in the bankruptcy is about to die because I have two bad Catalytic Converters. I am just a mess.


                      Unconfigured Ad Widget