I was monitoring my credit files recently and noticed that a chase credit card had changed its reporting from a pay status of unrated with a zero balance with an included in bankruptcy to a payment status of payment after charge off/collection with a zero balance.
Thinking this would be a fairly simple thing to correct I contacted Chase and the person I spoke with agreed with me and indicated they would take care of it. After a few weeks I called the person back and was told that they would show it as in bankruptcy but also show aging after the bankruptcy petition was filed. They will now show it as being about 120 days deliquent. I asked the lady why and she said their legal department said that they have to count the 60 days after a bankruptcy is filed as part of the deliquency.
These are the same folks who turned this account over to a collection agency two months after my bankruptcy was discharged.
Anyway I thought creditors could not age accounts after a bankruptcy was filed. Where these folks came up with the position of aging accounts for reporting purposes for 60 days after the petition is filled seems bizarre.
Any thoughts?
Thinking this would be a fairly simple thing to correct I contacted Chase and the person I spoke with agreed with me and indicated they would take care of it. After a few weeks I called the person back and was told that they would show it as in bankruptcy but also show aging after the bankruptcy petition was filed. They will now show it as being about 120 days deliquent. I asked the lady why and she said their legal department said that they have to count the 60 days after a bankruptcy is filed as part of the deliquency.
These are the same folks who turned this account over to a collection agency two months after my bankruptcy was discharged.
Anyway I thought creditors could not age accounts after a bankruptcy was filed. Where these folks came up with the position of aging accounts for reporting purposes for 60 days after the petition is filled seems bizarre.
Any thoughts?
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