I pulled my TransUnion credit report last month from FICO. I had pulled it 7 months ago. I noticed under the section where it explains factors hurting your FICO score, it stated "You recently missed a payment or had a derogatory indicator reported..."
When I pulled it again 2/2011, I called FICO because I couldn't find any lates on my credit report to explain what was going on. As it turns out My US Bank Mortgage which was included in my chpt 7 (I didn't reaffirm, but have continued to pay the mortgage pymts on time) is reporting an updated Closed Date every month. Also, I pulled my Equifax FICO and it isn't reporting that way. So on my 6/2010 report, they reported that the account closed 5/2010. My 2/2011 report, they are reporting that the loan closed on 1/2011. So in essence they are reporting it closed every month and updating with a new closed date by one month from the previously reported date, so it's reporting a new derogatory every month because of the bk which triggers the derogatory.
It is being reporting Paid as Agreed and the payments history is current "OK". But this is definetly is lowering my credit score.
I disputed and it came back the same. I called US Bank, and the representative had to speak with her supervisor and left me a message... 'Since I didn't reaffirm it will report as is.....' But she didn't understand my question, the reporting is fine except the Closed Date. So I had to call back and ask to speak with her supervisor, had to leave a message of course, so I'm waiting to talk with her. But their is no way it's legal for them to report the closed date like that.
Wondering if anyone has had this experience. If they are reporting the account closed, should the Closed Date be the date of the bk filing? discharge date?
When I pulled it again 2/2011, I called FICO because I couldn't find any lates on my credit report to explain what was going on. As it turns out My US Bank Mortgage which was included in my chpt 7 (I didn't reaffirm, but have continued to pay the mortgage pymts on time) is reporting an updated Closed Date every month. Also, I pulled my Equifax FICO and it isn't reporting that way. So on my 6/2010 report, they reported that the account closed 5/2010. My 2/2011 report, they are reporting that the loan closed on 1/2011. So in essence they are reporting it closed every month and updating with a new closed date by one month from the previously reported date, so it's reporting a new derogatory every month because of the bk which triggers the derogatory.
It is being reporting Paid as Agreed and the payments history is current "OK". But this is definetly is lowering my credit score.
I disputed and it came back the same. I called US Bank, and the representative had to speak with her supervisor and left me a message... 'Since I didn't reaffirm it will report as is.....' But she didn't understand my question, the reporting is fine except the Closed Date. So I had to call back and ask to speak with her supervisor, had to leave a message of course, so I'm waiting to talk with her. But their is no way it's legal for them to report the closed date like that.
Wondering if anyone has had this experience. If they are reporting the account closed, should the Closed Date be the date of the bk filing? discharge date?
341 on 10/20
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