Credit Scores

[aa06a47]

I just checked my Credit score and it has dropped 100 points in 15 days, 753 down to a 649, and that is with only 1 credit card company showing me late. Does this sound logical? Guess it doesn't matter since I'm filing BK, but dang!!!!!!!

[edwards2]

Could be..which credit reporting agency is reporting your score? I was told by a lender that lates reek havoc on a credit report and you said you havent even filed BK yet...they will really plummet then. The good news is you can get them back up post-BK. It was depressing to us to have the high 700s pre-BK and my score just now got to 650 and our case was discharged in August 2005. Of course we had a lot of cleaning up to do and we are still waiting on several investigations to be completed. We all expect the hit from BK and the derogatory accounts as a result but anything else can and should be disputed. FYI we lost on one dispute because the company sold our account right after they reported us late. I had had the card ofr over 10 years and this was the ONLY time I was late...for obvious reason...since I was filing BK. There is only so much you can do but also be sure and check all three reports because the disparity in credit card scores and reporting accounts is unreal...good luck...

[FilingOnMyOwn]

Why wouldn't it sound right? It takes years of paying your bills on time to get into the 700's. 700+ is superior credit, and it takes alot just to get there in the first place. You wouldn't think someone with late payments would stay in the 700's do you?

[aa06a47]

Seems like a big drop for 1 late payment. It dropped from a rating of "excellent" to "fair". Probably because I owe so dang much money.

[FilingOnMyOwn]

653 is not fair, its good.

[annikasaunt]

Where do you find your credit score? Does it cost anything?

[aa06a47]

You can go to

https://www.annualcreditreport.com

You can get all 3 credit bureaus free 1 time per year. My lawyer wants a print out of all 3 to do my papers.

[debtisbad]

I had a score in the 700's. One credit card I have had since college. Always paid on time. I cannot even fathom what my score is right now. I will not even look. My atty is filing tommorrow. It makes me sick. But, my mother says "the federal govt is running up their credit card too so they set a fine example". Makes me feel a little better. Right now, in my opinion, America is a mess. It will take years to fix things here now. I do not even want to ever own a house again.

[aa06a47]

I had a score in the 700's. One credit card I have had since college. Always paid on time. I cannot even fathom what my score is right now. I will not even look. My atty is filing tommorrow. It makes me sick. But, my mother says "the federal govt is running up their credit card too so they set a fine example". Makes me feel a little better. Right now, in my opinion, America is a mess. It will take years to fix things here now. I do not even want to ever own a house again.

Just think if you have a family of 4, the federal government owes 30K for each person in that family (recently heard this on the news with the new debt ceiling). So, each family of 4, the government owe 120K. Any my congressman has the balls to tell me how irresponsible people who file bankruptcy are. Only difference, I guess they can print money to pay the debt....

Think about it, you go to a bar and there are 30-40 people in there...those 30-40 people are responsible for over a million dollars in government debt. How the hell will be ever be able to repay this debt...never!

[LostOne0069]

Just think if you have a family of 4, the federal government owes 30K for each person in that family (recently heard this on the news with the new debt ceiling). So, each family of 4, the government owe 120K. Any my congressman has the balls to tell me how irresponsible people who file bankruptcy are. Only difference, I guess they can print money to pay the debt....

LOL, this makes me feel not so bad about my debt... I mean, I only owe a measely $100k or so in unsecured debt... at $30k each, my family of 6 would owe $180k if we owed as much as the Govt.

Of course... since WE are the Govt's employers... that means that my family owes the $180k on TOP of the $100k... but hey... at least _I_ wasn't the one who ran up the most debt! ;)