transunion report

[protosis]

Here's a little history: I had about 5 accounts with balances and just recently got discharged. My credit report showed each of the accounts with balances before bankruptcy and late payments.

Last month I sent over my letter of discharge to transunion along with the list of creditors and a letter asking them to remove the balances. They refused. Aren't the balances supposed to show 0, now that they are discharged?

Here is an excerpt from the letter:

"Please note, balances on accounts that were included in Bankruptcy, ARE NOT REMOVED from the credit report. This shows the amount owing at the time the Bankruptcy was filed. Although the bankruptcy narrative may affect your ability to obtain future credit, the balances do not.

We have investigated your concern and based on these findings, it our understanding that the time frame within which it is permissible to retain a record of this information has not yet expired."

[justbroke]

You should just dispute them one by one. Dispute as IIB (included in bankruptcy), and the balance is wrong. I would do this using the on-line mechanism. It should really be done by your creditors (updating the balance).

[lrprn]

Here's a little history: I had about 5 accounts with balances and just recently got discharged. My credit report showed each of the accounts with balances before bankruptcy and late payments.

If late payments, charge-off, and/or sale of your account happened *BEFORE* you filed bk, then the original creditor can keep the negatives on the appropriate credit lines. The amounts owed do need to say $0.

To correct accounts that were active when you filed and included on your creditor list, since you've already sent a copy of your discharge to the credit bureau and they refused to take action, then you have to dispute the negatives directly with the creditor (or creditors) who should be reporting IIB (included in bankruptcy) with a balance of $0.

[CCsAreEvil]

I'm running into the same issue with TU. I have 2 mortgage accounts still showing I owe the original amounts even though the accounts are flagged as IIB. I find it beyond stupid that we have to fix this. You'd think since the accounts were flagged IIB, the amounts would automatically go to $0.

[sofarsogood2]

Just spent a few hours looking over my Experian and Equifax.

Mortgage showing as still active, in foreclosure, with late payments reported well after we filed. And, for good measure, this lender created a second mortgage that never existed, with a $5 original credit limit, a zero balance, and then posted late payments since well after we filed BK. Disputed online, if that doesn't work, this lender is in for a lawsuit! We were discharged already too!

Several old loans that were paid off years before BK are showing "wage earners plan"!? They say paid off in correct year , but "wage eraners plan" stated at top and is in negative report section. Disputed those too.
Also a hard inquiry from Chase in 2008. I never applied for a new card from them. I haven't applied for new cedit in over 5 years- had plenty ,no thank you! Dispute again.

Pulled my "fake fico" at Credit Karma. Says 699- I know it's not completely accurate, but hope it's close, cuz it sounds good to me (recently discharged). 1 point more and I'd be considered a "good" credit risk. Heck, if I get these disputes fixed, I should be looking pretty good.

Just gotta sit tight and see how these disputes work out.

[protosis]

Just got my updated equifax report and noticed that my balance and past due amount are listed as 'not available'. My old credit limit remains still.

Now, I just need to get transunion to do the same.

[aeroheli]

Still refusing... My equifax score is soaring but transunion is still in the crapper.

I argued with a women over the phone, and sent them a letter. They say that the thousands of dollars in balances don't matter and will leave when the bankruptcy comes off the report.

Yet the credit report sites the high balances as affecting my credit score as well as the bankruptcy..

I hate transunion, it's not like I'm even trying to get them to delete the information, I just want them to report it correctly.

Btw, can they continue to report into bankruptcy but not after discharge? They are showing up as reporting well into bankruptcy.

[redhunter]

. . . I hate transunion. . .

Same problem but with Experion

[prettyobk]

Transunion does suck. My Equifax scores rose but TU isn't showing a change. Experian either so I am working on making sure they have appropriate information.

Still refusing... My equifax score is soaring but transunion is still in the crapper.

I argued with a women over the phone, and sent them a letter. They say that the thousands of dollars in balances don't matter and will leave when the bankruptcy comes off the report.

Yet the credit report sites the high balances as affecting my credit score as well as the bankruptcy..

I hate transunion, it's not like I'm even trying to get them to delete the information, I just want them to report it correctly.

Btw, can they continue to report into bankruptcy but not after discharge? They are showing up as reporting well into bankruptcy.

[StartingOver08]

You should just dispute them one by one. Dispute as IIB (included in bankruptcy), and the balance is wrong. I would do this using the on-line mechanism. It should really be done by your creditors (updating the balance).

JustBroke, the time I am going to disagree with you. The online mechanism is not suitable for this type of dispute. When you dispute online it is not reviewed by an actual person. It is computer to computer using a system called eOSCAR. The system will check to see if the credit report matches what the data furnisher has provided and if it does, the CRA says its verified. Even if the information is wrong.

Send the letter first to the CRA to correct via CMRRR, then to the data provider also CMRRR (creditor/CA etc) if the CRA does not correct. If it is still not correct, then you have a violation and you can bring charges. It takes a little longer to do it this way, but it works.

[Exployer1234]

TU actually have 7 different loans liated on my credit that are not me. They have been on the credit report for 9 years now. They all say I have a balance of 1 dollar. I disputed this years back and even called the bank that the loan was listed at and no one had a record of me having the account. I finally got sick of messing with it. When my lawyer pulled my credit she went ahead and had to list these fake accounts. So after I am discharged I will pull the report up again and see what it says.

I wonder if TU does not fix the problems maybe having your lawyer get involved may resolve the issue. Sometimes sending a letter though an attorney works a little better in the long run.

[justbroke]

JustBroke, the time I am going to disagree with you. The online mechanism is not suitable for this type of dispute.

Notice the parenthesis in what I wrote and you quotes... "It should really be done by your creditors".

The online mechanism is the first approach just to see what it easily corrected. The next level is to write both the creditors and the CRA with standard certified mail return receipt requested fanfare.

Send the letter first to the CRA to correct via CMRRR, then to the data provider also CMRRR (creditor/CA etc) if the CRA does not correct. If it is still not correct, then you have a violation and you can bring charges. It takes a little longer to do it this way, but it works.

I agree, but I think the online process first is a good way to weed out thigs. if you have 70+ tradelines as I do, you don't want to send out 70+ CMRR letters at $4.60 each if you don't have too. I agree it takes longer no matter how you go about it. Expect to spend several months working on it.

I have just done my online disputes, and I am now preparing to send some number of letters to the subscribers that report incorrectly.

[backtoschool]

I have been working on my post discharge credit repair for 7 months now (I started a few weeks before I was discharged) and I have had mixed results. Here are some observations I have made along the way:

1. There are certain creditors, such as Chase and Asset Acceptance (who owns my old Crate and Barrel card and is one of the creditors that sued me pre-bk) who refuse to correctly report my tradelines no matter what I do. First they reported balances, when I disputed that, they changed the way the account was reporting so that it looked like it was a currently late, open account. When I disputed that, they finally marked the accounts as closed, but reaged them to look current, etc.... Each change played havoc with my credit score. They are still not reporting completely correctly, they have blanks instead of zero balances, and the bankruptcy notation is in the comment section.

It was easiest on Experian to fix these accounts (I was shocked about that, I always thought Experian was very consumer unfriendly). Both Equifax and Transunion were difficult to deal with, and as I said, I have had mixed results. I have decided to cut my losses and let those accounts age as is. My credit scores are all around 677 or so now and by the time I am ready to purchase a house in a year and a half or so, I should have a stable enough credit report that those accounts won't matter that much anyway.

2. For the majority of my accounts, online disputes, done once online, fixed the reporting. I made sure I obtained a free credit report to use for disputing, by applying for a credit card I knew I wouldn't get post-bk (one for each credit bureau) and then using that denial to get a free report and dispute the negatives on the report. I found out what credit cards use which reporting service by doing online research. I ended up with one additional inquiry on each report, but was able to get free reports every day to use for disputing purposes by using my credit denial as a reason for needing a free report.

3. In my experience, writing letters to the creditor, using certified mail return receipt did not yield any better results on my stubborn miss-reporting accounts. (see my first comment above). I know a lot of people have had success with this approach, but I simply have not had any yet. It is time consuming and boring too, and I am not sure that the ends in my case justify the boredom and paper shuffling.

4. I was able to get the judgments that I had pre-bk off of my report easily by using online disputing and vacating the judgments with the court that issued them. I had two judgements, one in nyc that was vacated by the attorney general in a class action against the sewer-service law firm that issued it, and one in the midwest that I paid to have vacated post discharge. When those two judgments were off my report I saw a large jump in my fico score. (30 points or so).

Anyway that is where I am at at this point with credit repair. I have some new, positive, tradelines reporting, I have cleaned up my report as much as I feel like doing right now, and I am just going to let time take its course.