Warning! Errors in bureaus a year & a half after BK

[Jennifer4316]

I don't know if I can list the name of the credit card company that did this, so I'll call them "CC". Short story: I had my own business for 5 years then went thru a divorce and everything tanked. I filed in May 05 and was discharged July 05 with over $50,000....I got a Providian card shortly after that. In January 06 I bought a car and my TU was still 678. I made a few mistakes and opened more credit than I needed (still haven't learned much, I guess).

Right before christmas I was logging into my Washington card (the one that shows you fico scores free) and saw that my revolving balances had shot up to $25,000 and my TU was now a 475! Well, I'd been hovering around the 599-606 mark all year long so I got a copy of my TU right away.

There was a CC there with an $18,600 balance showing charged off as bad debt, acct closed by credit grantor. I first called TU to dispute, then got the results of the investigation- the same info was still there! But, now I had the full account number to this CC so I called them up. I had noticed that the BK balance on my "real" card was the same as the "past due" balance on the "fake" card. He had to get a manager and here is the explanation: this CC company creates a separate account to track their write offs/losses which should not show up to the credit reporting agencies. They said I should call back Thursday and the corrections should have been made by then. Did I get an apology for them dropping my score 125 points? No. We'll see how fast this fixes my score. I can't believe I've been working this hard on this to have it ruined in one month....

[Princesskina]

WoW thats horrible but can u let us know which company it is so we can also be aware of such mistakes.

Also if they created a new acct with new numbers and verified it with the CRA u should ask the CRA HOW did they verify it because inform then u had another acct with them and this can be fraud/misleading info the CC is providing them.

[Jennifer4316]

It is Bank of America....
I still wonder about their system of having to create a new account to track their losses and why it is still showing on their books when it should have been written off months ago. In my office, when we get discharge notification, we go into the account and write off the balance immediately. For tracking, my office can run a report anytime, so I can't understand why such a large company would have to do it that way.

[Princesskina]

It is Bank of America....
I still wonder about their system of having to create a new account to track their losses and why it is still showing on their books when it should have been written off months ago. In my office, when we get discharge notification, we go into the account and write off the balance immediately. For tracking, my office can run a report anytime, so I can't understand why such a large company would have to do it that way.

It's NOT logical unless u want to find another way of screwing the customer and im happy u told us who cause I added them in my BK.

U need to contact the Credit Bureau and asked them HOW they verified the info as correct.