CRA Mistakes

[mikesummer]

Hi everyone,

This is my first post and it seems I come to the right place. My bankruptcy was discharged at the end of last year. My question to the group is that I just ordered my Fico reports for all three and on Experian it has accounts on listed that are included in bankruptcy which never were. There are 4 student loan accounts that say debt included in or discharged through Bankruptcy Chapter 7, 11, or 12. The problem is they had no balances in the first place because the were refinanced and they were due to come off in 2006. Now it says date of status May 2005. Does the CRA have to delete the whole account or just correct it? I am afraid if they just remove the bankruptcy I will no have to wait 7 more years for something that was done on error on their part. The strange thing about it is the bankruptcy is listed on accounts from different lenders not affilated with one another.

What is my course of action? I appreciate any suggestions. Thank You.

[AAAArt]

There are sample letters on this site and on the internet to help you. Basically you want to state that the reports are "inaccurate or incorrect" and that you "request verification". List only those accts which are in error. Write to each CRA using Registered Mail-delivery receipt requested. Wait 30 days and if there is no response, write again and mark it "2nd copy" Keep copies of everything. If a co. does not "verify" the debt, the CRA must delete it.
BTW, you may not want your student loans deleted. If they are paid off, they help your credit score. They should read...Paid off.
Use the search functions and check the "stickies" on Rebuilding Credit.
Good luck, Art

[mikesummer]

Thanks for advice

I sent the dispute letters out and hope they only remove the bankruptcy from the accounts and not delete them. But, from what I gather the accounts are so old they will most likely not get a response back from the co.