Question about credit report

[willsurvive]

Hi,

We are about 36 days into Bankruptcy. Today, we had our credit pulled by a nonprofit agency that is helping to maybe modify our mortgage. The lady that pulled the credit said that our HELOC from WAMU is showing a charge off right now with 270 days late (we are current). I told her that was wrong, so she advised to call WAMU. So I called them and they said it wasn't charged off and if there are any discrepancies, we might be able to get them changed from the credit report. So my question is this, why would the report show a charge off in the first place? I was semi-hopeful that maybe the debt would be discharged, but I also know that's not very likely with a CH7 and a home we are planning on staying in (but won't reaffirm).

Any insight?

[BassBoy]

If you file CH.7 and don't reaffirm a debt, the debt is discharged, even though you continue payments and keep the item(s), so that may be why the debt shows as it does because technically and legally, the debt is/will be discharged.

[TEW]

Hi,

We are about 36 days into Bankruptcy. Today, we had our credit pulled by a nonprofit agency that is helping to maybe modify our mortgage. The lady that pulled the credit said that our HELOC from WAMU is showing a charge off right now with 270 days late (we are current). I told her that was wrong, so she advised to call WAMU. So I called them and they said it wasn't charged off and if there are any discrepancies, we might be able to get them changed from the credit report. So my question is this, why would the report show a charge off in the first place? I was semi-hopeful that maybe the debt would be discharged, but I also know that's not very likely with a CH7 and a home we are planning on staying in (but won't reaffirm).

Any insight?

You can fix that by disputing it. it should show IIB included in BK 0 balance after you file.