Steve's Bankruptcy Blog » Credit Scores

chapter 7 Bankruptcy discharge and jump in credit scores

admin — Thu, 29 Jan 2009 02:43:35 +0000

Just two days after we received notification that our chapter 7 bankruptcy chscharge went through our scores both jumped afer no activity for a few weeks. Over two months in my case!

My credit score went increased from a 542 up to a 635. My wifes went raised up from a 580 to a 647. Not bad for just a couple days after the paperwork went through. These must have been electronic notifications. Hopefully others will get changes, and cause the credit scores to go up even further.

In a few weeks though we will have the task of going through the credit reports, and making sure information is correct, everything shows as IIB (Included in Bankruptcy) and there is no incorrect info. I’m sure there will be dicrepencies that will need to be corrected.

Here are links to Equifax which I’ve been using for several years to monitor our credit reports and scores:

Equifax Credit Watch Gold 3-in-1
Equifax Score Watch
Equifax Score Power

No credit history changes or credit score changes

admin — Sun, 18 Jan 2009 20:41:41 +0000

No changes or updates at all in our credit scores for the past week. Mine have not changed since the end of November.

Increased credit score for wife

admin — Sun, 11 Jan 2009 00:33:12 +0000

Today my wifes credit score jumped from a 551 up to a 580. This was do to accounts on her credit score being changed to IIB (Included in Bankruptcy).

No changes since November 22 for me.

We use several items from equifax to monitor our credit reports and credit scores. We use Equifax Credit Watch Gold 3-in-1, Equifax Score Watch, and Equifax Score Power Whis is pretty cool as you get e-mail alerts to notify you of any changes to your credit reports, or credit scores.

New year and same credit scores

admin — Sat, 03 Jan 2009 20:26:41 +0000

It’s 2009! Neither one of us has had any activity in our credit scores in about a month. We are stagnant at 542 for me, and 551 for my wife. This is about a 136 points lower than a couple months before the bankruptcy, and my wifes is 196 lower than pre-bankruptcy.

Our 60 days toward our bankruptcy discharge should occur later this month. Hopefully score will rebound after the bankruptcy debt discharge.

No credit score changes

admin — Mon, 22 Dec 2008 01:23:28 +0000

Odd… but it must be most of the bankruptcy paperwork has slowed down, and most creditors have reported changes to the credit reporting agencies. Neither one of us has had any activity on our credit reports or scores for a few weeks now.

Wifes credit score had an increase

admin — Sat, 06 Dec 2008 20:20:40 +0000

There have been no changes in my score the last couple weeks, but today my wifes credit score increased from a 549 to a 551. Only 2 points. This was from a lower balance being reported on the car loan… od that my score didn’t increase too.

Another week another raise in credit score

admin — Sun, 23 Nov 2008 00:15:56 +0000

Today my credit score increase went from a 532 to a 542. The credit alert from equifax stated items effecting score were not as harmful. The score is going the right direction. Up! Let’s keep going that direction.

Increase in credit score today

admin — Sat, 15 Nov 2008 17:11:18 +0000

Well, just another few days, and a few more items being reported made my credit score increase to 532. Nothing very specific, but the alert stated less negative factors. This probably means more of the accounts have changed balances to $0.

The wifes credir scores have had no changes in over a week.

Credit score dropped today

admin — Wed, 12 Nov 2008 23:02:25 +0000

Today my credit score dropped slightly again, reversing the increase from a few days ago. It dropped from a 520 down to a 516 again. One credit card account shows a missed payment of $168.

No changes to the wifes credit scores in the last few days.

In case you havn’t been to my blog before or havn’t checked for a while I use the following to watch our credit.

Equifax Credit Watch Gold 3-in-1
Equifax Score Watch
Equifax Score Power

My credit score went up and wifes went down

admin — Sat, 08 Nov 2008 23:57:22 +0000

Today my credit score went up a little more to 520, from the other days 516 increase. It appears the balance of our car loan indicated a payment went through. Only two payments left. Yea!

However, my wifes score actually decreased, as the mortgage company recorded a late payment on the mortgage. Her score dropped from a 570 down to 549.