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Posted in Bankruptcy
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JAL2016

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I just filed bankruptcy on 1/6/16, my cr scores are low to mid 6's, i was expecting 500's.
is this possible? I'm waiting for the other shoe to drop.

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For a person with a credit score of 680, filing for bankruptcy will lower your score by 130-150 points. For a person with a score of 780, filing for bankruptcy will cost you 220-240 points. The higher your score, the more points you’ll lose for filing for bankruptcy. The lower your score, the less it costs you. To give some perspective, a foreclosure will cost you 85-105 points if your score was 680. If your score was 780, you’re looking at a drop of 140-160 points.

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