How much will my score drop

[sp114]

I am in the middle of my Chapter 7, due to be discharged on 9/25/06. I signed up with True Credit today and got my scores. Here they are:

TU 672
Experian 647
Eqifax 663

How much do they usually drop after the discharge? I have always had scores in the 700's, but I decided to open my own business and got in way over my head. I still have several open accounts that have a low or 0 balance that are still reporting favorbly. Just curious how much of a drop I can expext next month when it is discharged.

[tradewiz50]

Your scores look really good for not being discharged yet. Wait thirty days after your discharge to pull your credit reports and start cleaning up those tradelines.

[FilingOnMyOwn]

The discharge can hit you initially for up to 150-200 pts, but you gain most of it back within the next several months. Especially once you are debt free AND reestablish new accounts, within 6 mos to a year your scores can be higher than they were pre-bk.

[FilingOnMyOwn]

According to the 'fico score simulator' on my 'myfico.com' account, if I were to declare bk it would drop my equifax score between 220-280 pts, and my transunion score would drop 75-125 pts. But like I said before, you gain it all back very quickly.

[billf]

510!

Heh heh mine is 510 after a year of not paying a load of debt and now filing Ch7

But I don't care

I don't need credit any more

[whipster1]

Unless those scores are from Fico they are useless. Wait till discharge and pull your fico's and go from there. Mine went from the 700's to 580-600, and are now back to 650 or so.

[CCCrazy]

Right before discharge my scores were in the 660 range and they dropped to 491.

[AngelinaCatHub]

Heh heh mine is 510 after a year of not paying a load of debt and now filing Ch7

But I don't care

I don't need credit any more

This thread is a 2006 ancient thread. It would have been better to make a new thread comment. Things change too rapidly to be relevant at times. Just my opinion. 'Hub