Buying a new car experience - Not that bad

[down&out]

[bilbo]

Did you get alot of things deleted or just make sure that everything that was included in your Bk was reporting as such with a 0 balance?

[down&out]

Did you get alot of things deleted or just make sure that everything that was included in your Bk was reporting as such with a 0 balance?

I did everything on the level. All of my old accounts are still on the CR showing included in BK with a 0 balance

[bilbo]

I don't think there is anything wrong with getting things deleted----I disputed some statuses and dates just trying to get them updated not deleted--but EX seems to like to delete rather than correct in my case

But I guess what I meant to ask was did you have any problems getting all of the creditors to report the IIB with 0 balance?

[bkfiler]

if you want to move directly to getting the accounts reported as IIB and $0 Balance then just send then a copy of your BK petition showing those accounts.

the reason it is not a recommended route at first is because you might be able to complain those accounts right off your records by stating they ae not mine because of such and such.

if you want to take the direct approach and be done with it then send then your bk.

[pink_amulet]

ok....I'm confused....Trans Union has deleted almost every account we mentioned was discharged in BK....So...why would this be a bad thing??

99% of the accounts are collection accounts for medical bills not revolving accounts. So there is NO payment history, to earase. So in this case it is better to have them all removed, then it's like starting over, rather than having all the accounts included in BK. right?

So which is better?

pink

[bkfiler]

no one ever knows. you tell us. did the score go up or down?

i would say that since its not a payment history type of account then its much better to remove them.

also, anytime you can remove negative history such as charge offs its always better that it be removed then have it listes as IIB $O balance.

if its an very old account with a few behind payments then that would be better to keep maybe even with IIB $0. but its hard to say.

the only other problem will come in if you erase every account that you have. then you have no credit history at all. but whos to say thats beter then negative history. i would say cleaner the better.

imo erase is much better given you are rebuilding your credit with new cards little by little.

[bilbo]

I'm getting all the CA's deleted that I possibly can. But there are a few accounts such as CRAP1 who most likely will not get deleted--two different accounts with them--one shows 0 balance and IIB--the other one shows as still open and past due a large amount.
On myFICO besides the history of recent public record(gee, I wonder what that could be???? ) LOL It says the past due amounts equal to that the crap1 account is lowering my score. They also list it as a charge off-but with balance and past due amount. If it cannot get deleted , that is one I would rather be IIB with 0 balance.

[StaciMM]

I think this will make it easier to rebuild. Even if you deleted an account with old payment/positive history, the most recent 2 years are the strongest influence. So if in those 2 years it had lates, that is going to do more harm than the OLD good history.

Your reports are supposed to report 100% accurate info. If something is reporting incorrectly, it should be deleted...

ok....I'm confused....Trans Union has deleted almost every account we mentioned was discharged in BK....So...why would this be a bad thing??

99% of the accounts are collection accounts for medical bills not revolving accounts. So there is NO payment history, to earase. So in this case it is better to have them all removed, then it's like starting over, rather than having all the accounts included in BK. right?

So which is better?

pink

[FilingOnMyOwn]

ok....I'm confused....Trans Union has deleted almost every account we mentioned was discharged in BK....So...why would this be a bad thing??

99% of the accounts are collection accounts for medical bills not revolving accounts. So there is NO payment history, to earase. So in this case it is better to have them all removed, then it's like starting over, rather than having all the accounts included in BK. right?

So which is better?

pink

In the short term, its better to have some credit history. In the long term, its much better to have a clean slate and you are lucky for that.

[jeffstrikesback]

About the car purchase

Hi, I was wondering if you have contacted your insurance company about getting new rates for the new vehicle? I am curious if I had to get a new car if my insurance rates would "skyrocket" after they pull my credit? Any information on your experience would be greatly appreciated.

[sobroke]

I bought a new vehicle and my insurance didn't go up at all. I am not sure if they pulled my credit or not.

[bkfiler]

some do and care and some do and dont care about bk. it seems to be a coin toss so far.

[down&out]

Hi, I was wondering if you have contacted your insurance company about getting new rates for the new vehicle? I am curious if I had to get a new car if my insurance rates would "skyrocket" after they pull my credit? Any information on your experience would be greatly appreciated.

Mine actually went down

[bkfiler]

nice! who was that? maybe that happened cuz of your number of driving years. how many this year do you have?