Cleaning Up Your Credit Report

[StaciMM]

Babycakes-

I was about to respond to Todd, then had to edit myself! Technically, since it was a joint account w/ your exH and he filed ch. 13, it was paid off while 'in' a ch 13 BK. (Even though you were not in the 13.)

Are you saying there is a public record about you having a ch. 13 in addition to your ch. 7? If so that would be a problem. If the ch. 13 comment is only on the Ford TL, you could try to get Ford to remove it-but I guess they have a right to report it as 'paid/ch 13' if they choose.

[HRx]

From a fundamental perspective, a Chp13 annotation would be considered less derogotary than Chp7 on your trade line.

[StaciMM]

It might make a difference-it could be seen as a derogatory account when it isn't. Have you tried writing to Ford?

[babycakes]

I have a weird situation and I'm not sure what's the best thing to do to help my credit report. My exH filed ch13 last Nov and since we had a car that was initially bought joint, his ch13 affected my credit. I traded in the car in March 05, checked my TL which said paid as agreed $0. I filed ch7 in July and then they changed the car TL to me filing Ch 13. I disputed that TL and they verified that I filed ch13 in May 05. I disputed again stating that I didn't file ch13 nor did I have the car in May, but they verified again that I did. Should I keep pursuing this or will it really matter?

Cliff note version:

Nov 04 - exH filed ch 13, joint acct Ford
March 05 - traded car in, TL showed $0, paid as agreed
July 05 - filed ch 7 myself
Aug 05 - ch 13 on original car showed up on TL stating that I filed
ch 13 in May - did not have car in May, already traded in
and never filed 13, plus exH didn't file in May, it was last Nov

So fight this or not? Will it make a difference?

[sobroke]

I noticed on my credit report that a lot of my accounts that should be closed are not. They are open and in the pay status it states paid ($0). Should I have these accounts changed to 'closed'? or is this helping my cr in any way? I would hate to have these accounts closed and then my credit score go down. Should I just leave it alone? HELP!

[Kam]

If I understand this correctly

Okay, so all accounts that were discharged in BK should report that way, and not show any balances or collection activity during the BK period? These accounts should also show no previous history since they were IIB (according to previous posts?)

For example, this is how my Experian report is showing:


Beneficial: 6/05 120, 7/05 120, 8/05 120, 9/05 CO, past due: 6557.00, Status: Charge-off

CAP1: 5/05 CO, 6/05 CO, 7/05 CO, 8/05 CO, past due: , Status: IIB

CAP1: 6/05 OK, 7/05 30, 8/05 CO, past due: , Status: IIB

Sears: 6/05 30, 7/05 60, 8/05 CO, past due: , Status: IIB

HSBC Auto: 6/05 90, past due: 909, Status: past due 90 days, amt owed: 6505.00.

HSBC NV: 6/05 CO, past due: , Status: IIB, transferred to another lender or claim purchased.

HSBC NV: 6/05 CO, past due: , Status: IIB, transferred to another lender or claim purchased.

Spiegel: 6/05 CO, 7/05 CO, 8/05 CO, Past due: , Status: IIB

Would these creditors be held liable for reporting to the CRB during the BK stay? We were discharged on 11/1.

Thanks for any help.

Kam

[king_rks]

Not reaffirming a motorcycle

I'm still paying on a newer motorcycle and did not reaffirm. My CR's state that it was included in the bankruptcy. They show a zero balance and no record of my continued payments. Are the CR's suppose to show my activity on this account? If they aren't, should I call Honda Finance and ask them to start reporting to the CR's? Or wil they not even do that?

Thanks for your input.

[tinroofrusted]

I want to add this on today.

I can not stress the importance of this enough.

Absolutely, positively, DO NOT dispute online. DON'T DO IT. You have no evidence of it being done, and it's the evil bureaus word against yours.

Make sure to document EVERYTHING. And I mean everything. ESPECIALLY when dealing with Transunion. Send everything certified, and save copies of anything that you send them. Don't bother calling them either. The reps they have don't speak a word of English, and you can't understand them.

I found out today that Transunion isn't releasing to me my credit score. Now I am fighting mad and furious.

PLEASE document everything when disputing. Then if it needs to be taken care of legally, you have the proof to go after them for breaking the law.

[tinroofrusted]

I am having a problem with Sams Club also. I'm not bucking for removal. just accuracy. I'll take removal if i it comes as a result of their failure though. The whole thing is a sham. THEY DON"T INVESTIGATE ANYTHING.

File a complaint with the BBB against both Sam's and the Bureau... that should help clear it up....

[robivi3]

I am having a problem with Sams Club also. I'm not bucking for removal. just accuracy. I'll take removal if i it comes as a result of their failure though. The whole thing is a sham. THEY DON"T INVESTIGATE ANYTHING.

[king_rks]

Some of my wifes accounts are only saying charged off instead of Bankruptcy. Another CR says bankruptcy on some accounts and another CR has one account paid off in good standing. Should I leave them alone or dispute them to say included in bankruptcy? We've been discharged for 6 months now.

[tinroofrusted]

These problems only occured during the time between filing the petition and the actual meeting of creditors. It seems that even though my lawyers told these creditors about my bankruptcy filing and to honor the "stay" by the judge, they got back at me by filing that I had missed payments when in fact I didn't pay them during this time because I didn't have to. I was current on payments up to filing so this should be removed IMO. Do you think by removing this "late" info that it really will make a difference to my FICO, since technically it cannot be anyworse than the bankruptcy itself. Thanks

Well I can comment on this one!

I disputed all of my accounts showing past due payments, stating that it was included in bankruptcy, and all but TWO were REMOVED! (Walmart and Sam's club are giving me a hard time now....)

So I say go for it!

[HHM]

Yeah, payment history is a MAJOR factor in determining you credit score, so if the late payment entries relate to post petition missed paymens, you should definately dispute those entries as, in my humble opinion, they are not accurate.

[pharmd4me]

These problems only occured during the time between filing the petition and the actual meeting of creditors. It seems that even though my lawyers told these creditors about my bankruptcy filing and to honor the "stay" by the judge, they got back at me by filing that I had missed payments when in fact I didn't pay them during this time because I didn't have to. I was current on payments up to filing so this should be removed IMO. Do you think by removing this "late" info that it really will make a difference to my FICO, since technically it cannot be anyworse than the bankruptcy itself. Thanks

[HHM]

"included or discharged in bankruptcy" that statement is an acceptable entry regarding discharge. As for the past due entries, certainly dispute them, but, if the 90 days past due reflects the payment history BEFORE you filed BK, its a true and accurate statement about you payment history and payment history is typically tracked for 2 years, and negative payment history can be reported for up to 7 years. However, if the 90 days past due is for a time period AFTER you filed BK, then there is a problem and you must dispute that.