Another credit report cleanup question...

[ilovemycaitybug]

I have been working diligently to get my credit report cleaned up prior to discharge, and have been helping my husband clean his up too. Wow... this is tough work! Hard to believe we have this many accounts, but we do! Anyway, what many accounts are showing for TU and EX are:

• [TransUnion] Chapter 7 bankruptcy
• [Experian] Account has been closed due to inactivity.
  Unpaid balance reported as a loss by credit grantor.
  Debt included in or discharged through Bankruptcy Chapter 7,11, or 12.

Most are showing "Derogatory" for the "Condition", but some are showing "Closed (Paid)" instead, even though they have not been paid. Any ideas on this? Is it appropriate to show "Derogatory"?

Also, on many accounts there is an empty spot in the "Balance" section. Many show "0", only a couple (I'm working on) are showing balances. Is the empty spot okay? Or do I need to work to get them to show "0"?

What about the extra notes in the "Remarks" showing "Account has been closed...." or "Unpaid balance reported as a loss by credit grantor" or negative statements? Are they okay as long as they are accompanied with the fact that it was included in b/k?

And another... a lot of accounts "Pay Status" (I think they're all Experian) are showing "Collection/Chargeoff" but still showing in "Remarks" that they are included in bankruptcy. Is this okay or do they need corrected?

Also, 2-3 weeks ago I mailed in my request to correct items on my Equifax report. Does it take them a long time to get them corrected? It seems it only took a few days for Experian to update (on their ACTUAL credit report - not TrueCredit - it just shows "bankruptcy petition" - is this okay?) and TransUnion only took a couple of weeks. Of course, these were all done electronically. I TRIED to do it electronically through Equifax but they transferred me to another site who supposedly handled my zip code, but when I put my zip code in the other site they said it was Equifax who handled my zip code... so... I don't know. There are a TON of inaccuracies in Equifax's report, which, is who does the myfico.com so my FICO is HORRIBLE!!! (Well, it would be with everything corrected but it will at least HELP!). How can I get a status on my disputes?

Oh yeah, and one final... On one account I have disputed, it came back with the status: "[TransUnion] Collection Account - Account information disputed by consumer, meets FCRA requirements."
I've had to send out a letter to re-dispute that one because I can't figure out how to do it electronically once a dispute was already done. Anyone know how?

Thanks so much for all of your help! I will appreciate any answers you may have for me!

[mattson06]

ilovemycaitybug

hi,i've had similar changes on my report as well.Some have the bankruptcy listed,some haven't changed.but i plan on keeping an eye on it.i'm giving them time to change some of mine.i'm with citi credit monitoring and they are sending me e-mail updates on any changes that occur.i think some agencys take 30days to make changes.i also had this on my mind that after my 60days peroid is over.i'm sure more positive notes that states "discharged" on each account i included in my bankruptcy will appear soon.if not,i will persue writing the credit report people to make to right changes.seems like to me your on the right track just amatter of time. Be patient but diligent

[Walnut]

Your best bet is to wait until discharge and then dispute it all. Everything should then update correctly in 30 days - or else you need to then take additional steps, some involve letters to the creditor. Most creditors only send a tape once a month to the bureaus - so it can take time to get the updates posted.