Major Wake Up Call - Regarding Real FICO Post BK

[bcohen]

I don't recall getting many offers when we were in a CH7.... We probably got a few, but I don't recall being flooded with offers like I have read of.

Did you have non-dischargeable debt, recent charge-offs, recent collections, etc? I know that when I filed for Chapter 7--literally within 7 days of filing and getting my case number--my mailbox began to fill with offers for car financing. Once my discharge was entered--but before I even received the discharge papers in the mail--I started getting offers for credit cards, payday loans, and "short-term personal loans" which I guess is just a fancy word for payday loans? Anyways, I have received some pretty good offers, as Capital One keeps sending me offers for an unsecured "platinum" credit card. I also got the dreaded "offer" from First Premier for a credit card with a whopping $700 limit, about 25% of which comes pre-gobbled up by the application fee, account setup fee, and annual fee.

[PhillyGuy]

As someone who watches their scores and reports like a hawk, here are the numbers:

Fako: Equifax: prefiling 795, after discharge 681, Current: 665
Fako: Experian: prefiling 796, after discharge 716, Current: 720
Fako: Transunion: prefiling 741, after discharge 674, Current: 683

MyFico: Current - Equifax 647, Experian 626, Transunion 687

So you can see there is a huge swing between reality and fako's in some cases.

And I have not received 1 cc offer, I filed over a year ago, discharged earlier this year and still not closed. Plus, make over 100k year. Go figure.

[Pizza]

We replaced a clunker post-BK. The payments on the new vehicle will certainly help the credit scores improve. Every offer for a credit card has gone straight into the garbage.