Cleaning up my credit report and noticed my home equity loan, which like my mortgage I pay myself directly -outside of my chapter 13 plan, is showing as included in my BK and having a negative impact on my credit score. I don't get it! I have always made my payments on time, in full. Does anyone know if this is normal or is it a mistake and can be corrected?
-
-
it is no mistake and is reporting correctly. Even though you pay it outside of your plan, it is still "included" All accounts should say "included in wage earner plan" or something similar.
Once discharged, you will have to dispute it to go back to the normal way of reporting but the bk notation will always be there. (well for 7 years)
I didn't even dispute the accounts I have showing as Included in Wage Earner Plan. The listing of "discharge" takes care of it being an active Bk. -
It is included in your plan, whether paid directly or paid by trustee. Your trustee was just nice enough to allow you to pay it directly which saves you the trustee's %, but it in no way means that this debt doesn't also fall under all the rules and regulations of your CH 13. Any debt is part of the CH 13 plan, whether it is secured, unsecured, priority, paid in full by plan, paid outside of plan, paid partially in plan, not paid at all.. etc.Filed CH 13 September 17, 2007
Plan Modified July 8, 2009 from $1100/month to $400/month due to change in income, finally discharged in July of 2013!Comment
Comment