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A LOT, but how much your score dives also depends on how high or low your scores were before you filed. Because the FICO scoring model is top-secret, there is no way to know EXACTLY how many points you will lose and because there are so many factors that determine your score.

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19y ago

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How many points will a chapter 7 bankruptcy reduce your FICA of 529?

FICA = social security taxes. FICO is your credit score. There is no way to tell how many points your score will go down. With a low of 529 your score may tumble less than someone with a much higher score pre-bankruptcy.


Is FICO score and credit score the same thing?

IS FICO AND CREDIT SCORE THE SAME THING? IS FICO AND CREDIT SCORE THE SAME THING?


Why does a 'Fico Score' fluctuate so much?

Your FICO credit score is based on a number of factors: how long you have had credit, how much credit you have, how much money you owe, whether you pay your bills regularly and on time, whether you have many late payments, whether you were ever in bankruptcy or default on a loan, etc. Because any (or all) of these factors can change, so can your FICO score.


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Which action will help increase a low FICO score?


Can you get a good mortgage rate with a FICO score of 686?

FICO score for mortgageDepends on your definition of "good". You can get a mortgage with 686 score. FICO score over 720 will get you the best mortgage rate.


Is your beacon score and FICA score the same?

A beacon score is just the name given to the equifax branded FICO score. So your FICO score and beacon score will be the same if your FICO score is pulled using your equifax credit report.


How can a FICO credit score be obtained?

A FICO score is obtained with information taken from a person's available credit information. The score is sold by the FICO Company to interested financial institutions.


Is Credit Karma a legitimate free service or a scam?

Are you really going to listen to someone who can't spell listen? It is not a scam, it is a legit site. I have been a member of Credit Karma for 3 years now and my identity has not been compromised. The reason it is free is because it is not a FICO score (the one that really matters) it is a score from TransUnion who is a reputable credit report agency. It is very close to the FICO score as it was only 7 points away from my FICO score. And to add, the score is not a real score like FICO. It is a "guessed score" based on your real credit report.


How many points is a paid collection worth against your fico score?

Same as if it was unpaid. It's still a negative or adverse entry in your file which impacts your score..


What percent of borrowers have a FICO score greater than 740?

Approximately 20% of borrowers have a FICO score greater than 740.


What is the highest possible FICO score?

900 Sorry, 900 is not it Highest FICO score is 850 http://www.myfico.com.


Can you qualify for a mortgage with a fico score of 567?

It is hard to qualify for a mortgage with a Fico score of 567. Most lenders, including FHA, require individuals to have a minimum Fico score of 580 to qualify for a mortgage.