stephpapapdakis Posted August 5, 2007 Report Share Posted August 5, 2007 My question is what happens to your credit score after Bankruptcy falls off your credit report? I filled for Bankruptcy Ch7 and was dissmissed on 12/07. I hear rumors that my score (currently 683-703) will go down.. Is that true? Is there anything I should do before the anticipated removal of the BK thats coming up end of this year?PLEASE HELP! Link to comment Share on other sites More sharing options...
Macwench Posted August 5, 2007 Report Share Posted August 5, 2007 If it was dismissed 12/07 it will be on your report for 7-10 years... Link to comment Share on other sites More sharing options...
brattylatina Posted August 5, 2007 Report Share Posted August 5, 2007 Sometimes you will get lucky and can have it removed by just disputing. Its harder with TU and EX but with EQ because you can dispute over and over online. I did just that and within the last 6 monts I got rid of two CH13s (one from 02 and one from 04. Just dont give up. Link to comment Share on other sites More sharing options...
stephpapapdakis Posted August 6, 2007 Author Report Share Posted August 6, 2007 What I meant actually was that the BK was dismissed on 12/1997 and is scheduled to fall off my credit report on Dec. this year. Sorry for the Typo. Link to comment Share on other sites More sharing options...
isislc Posted August 6, 2007 Report Share Posted August 6, 2007 I hear rumors that my score (currently 683-703) will go down.. Chances are, yes. Reason being that you will now move to a category where no one has a BK and your credit will be compared to those people. Some may have credit better than yours in that category and that is where the drop occurs. Right now your credit is being compared to all CRs that have a BK on it. Your credit rating is then based on the type of credit history you have as compared to everyone else with a BK. Hope you didn't get too confused with this answer. Link to comment Share on other sites More sharing options...
jq26 Posted August 7, 2007 Report Share Posted August 7, 2007 While it is true that your score may go down, if you've established multiple positive tradelines, haven't had a single late during that 10 year period, and all of the older 'IIB' tradelines have fallen off, then it is hard to imagine your score going down, since you'd even compare well to those in the non-BK pool. Link to comment Share on other sites More sharing options...
stephpapapdakis Posted August 9, 2007 Author Report Share Posted August 9, 2007 What is a 'IIB' tradeline ? Link to comment Share on other sites More sharing options...
chilton1 Posted August 9, 2007 Report Share Posted August 9, 2007 I think it means included in bankruptcy. Link to comment Share on other sites More sharing options...
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