Chapter 7 discharged 11/00. Only credit after chapter 7 is a Capital One account for a lousy 22 bucks. First Consumers isn't reporting yet, even though I had the card for about 3 months. 3 hard enquiries in the last 24 months. Actually I thought my scores would be lower, since it's been so recent that I got my discharge.... ron
Re: FICO 565....5 mos. after C Ron, my Experian score was 530 a couple of weeks after my Chap 7 Bk was discharged. I saw it at the auto dealer. No insult intended but 565 is a terrible score as was 530.
Re: Fico Sorry to hear that guys I really hope your score rises soon... I just saw mine it was 661, and it could be higher as all my accts age.
Re: Fico No sweat, Jim...as I plan on living on cash for the next 3-4 years (I'm buying a car next year with 100% down), I'm not too worried about my score now. Was just curious what my score would be. I can't believe that there are actually people with worse credit than me. I expected my score to be in the 400's or something like that. ron
Re: Fico TomL If you have that much cash... why don't you buy a CD and use that as collateral. Then take out a car loan to build your credit. You pay the difference of loan and savings interest as fee to rebuild credit.
Ron mine is definitely much worse than yours....mine is 4-6-6-!! Geez i can NOT even imagine why it's that low? this is digusting, i have several collection accounts for medical bills (all less than $200 each) and a dismissed bankruptcy from 1994 and 2 or 3 crappy little things. new credit is 2 capital one cards, never late, orchard bank, never late, aria never late, bankfirst -0- balance closed at consumers request, what do I DO??? christi
Re: Ron I have a 552, 2 years after my bankrupcy. I think my student loans and my state liens are bringing my scores down. any suggestions on how to clean up. thanks.
Re: Ron SheerInten, There are many ways to get those student loans off your report if they are defaulted. STudent loans which are not defaulted do not hurt your score. In other words, the balances do not hurt your score that much. Liens do. They are the worst.
Re: Ron I have one charge-off and mine is 581. I have a year-old account with DMB and two inquiries. I was hoping it was better, I need a new car and cannot afford some of the interest rates I've seen flying around here. BTW, does anyone know of any companies who use either TU or Equifax exclusively? I have a paid judgement thanks to a severence disagreement with my old employer listed only on Experian, so I want to steer away from companies using that report.
Re: Ron No bad you have 565 score after bk7. I got 668 without any negative credit. I got low score because I got too many inquiries in my credit reports in last six months. First Consumers should report your accounts in the first months and why don't give them cll to find out what happen. I opened Eddie Bauer MasterCard last month and they already report to Expeian and TransUnion. They reported to the credit bureaus before I used the card. About three years, they helped me to rebild my credit from charge-off accounts and now I got some good deal credit cards. To keep in mind that you must pay in time monthly and so they can unsecured your account. In my case they unsecured my account and give me something like $300 additional. From time to time they sent you offers to give 2.5 times as much as your deposit. Good luck to you.
