maxedoutagain

I filed Chptr 7 in Oct 2005, successfully discharged Jan 2006, and I disputed one CC account that continued reporting bads after Jan 2006. In April 2006, TU (the only CB I started disputing with) deleted that one CC account. Now that I look at the updated CR from TU dated April 2006, I see that many other CC accounts are reporting my account as "closed" in September 2005, and then they also report my account as "Chapter 7 filed in October 2005". If my account was "closed" in September 2005, how can those CC also report my account as "Chapter 7 Bankruptcy" which occurred one month after my a

And another round of thanks from me Methuss.

If I filed a skeleton (incomplete schedules) for a Chapter 7 initially say on Oct 14, 2005, submitted the completed schedules on Oct 31, 2005, case was successfully discharged on say Jan 19, 2006, does that mean if a creditor reports any activity after Oct 14 (or is it Oct 31?), that means there is a violation? I'd greatly appreciate a link to that case law as I've got a couple of those on my CR right now! Wish you were my neighbor as I'd be BBQing a steak for you right now.

LadynRed, I've been hunting all over for the specific statements that you mentioned (ok to report pre-BK but not post-BK, etc). I've tried reading the FCRA, etc but didn't see it. Have some emails to attorneys and maybe they'll reply back. Could you point\link specifically where I can start reading those "laws" as to how the credit report should read (ie, IIB, zero balance, etc for discharged debt)? Many thanks if you do.

According to this federal website which appears to be part of GSA, any discharged debt CAN NOT show any payment history. http://www.pueblo.gsa.gov/cic_text/money/personalfin/lesson6.htm WHAT TO LOOK FOR ON YOUR CREDIT REPORT After you request your credit report — and be sure to request your reports from each of the Big Three repositories — allow 7 to 21 days to receive it. After you receive all of your reports, it is a good idea to follow these steps: 1. Determine the date all account information was reported. 2. Verify the current status of the accounts. Once a debt is discharged, verify th

According to this website, supposed to state $0 (not blank) WHAT TO LOOK FOR ON YOUR CREDIT REPORT http://www.pueblo.gsa.gov/cic_text/money/personalfin/lesson6.htm After you request your credit report — and be sure to request your reports from each of the Big Three repositories — allow 7 to 21 days to receive it. After you receive all of your reports, it is a good idea to follow these steps: 1. Determine the date all account information was reported. 2. Verify the current status of the accounts. Once a debt is discharged, verify that the credit report indicates a discharged status. It is impor

Got curious, went to fairisaac.com http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx which states that our fico is affected by Amounts Owed -Amount owing on accounts - Amount owing on specific types of accounts -Lack of a specific type of balance, in some cases Does that "Lack of a specific type of balance, in some cases" suggest that a blank field (instead of $0) does impact our credit score? Seemingly $0 is better than "blank". Any opinions? And thanks again everybody.

That's interesting, didn't think a blank field could hurt, glad you mentioned that possibility. Well, if its supposed to be zero, think its worthy of a dispute then since its inaccurate? Maybe ask the CRA to say it should be zero instead of blank since the blank could mean anything and that means we're bearing the risk of a lousier credit score.....maybe ask the CRA to delete the entire TL? Now that I think about it, if a new creditor looks at it, how will they know that we still don't owe that old discharged creditor a balance, thus it is a lousier financial picture of us if its blank.

What if some discharged (chapter 7) cc TLs do state the IIB but the $balance field is blank. Worthy of a dispute with the CRA as "inaccurate"? Thank you again if you could offer an opinion.

Retmar, Thank you. The strangest thing (so far) on this is that the OC sent me some documents I requested (before I knew they sent this to a CA) and in the OC's cover letter they stated "Referring to a collection has no affect on one's credit." So if the CA does create a TL on my CR, what do you suggest? I feel like I've got my hands on some gold of some sort with that written statement by the OC. Again, thank you for your input.

And what if there is no reporting\no tradeline at all on the credit reports? I received a demand for payment from a CA, DV'd them immediately (I received the green card back and its dated Feb 2, 06). My credit reports don't show any collection activity, or even a tradeline by the OC (an insurance company). What's my next step?

Ahhhh, now I see. Many thanks!

Thank you for the reply willingtocope. I'm encouraged by your comment, and hoping that the credit card companies do indeed don't do anything with discharged debt, such as sell them to a JDB. As you mention, I am trying to get these TLs removed in a systematic-high probability way. Don't know if the other methods you refer to will be as high-probability with a PFD (assuming the CC company will be receptive to a discussion) but at least it seems that the uncollectable debt will still be in their hands (rather than a JDB). Thanks again.

No, as long as it mentions the bankrutpcy on that tradeline it's fine. Thank you LadynRed.

Thanks again for the reply sifxpert. What if protecting non-exempt assets isn't a concern?(wish it were)? And if I started the PFD one year after the close of the BK case, such that even the BK Trustee couldn't reopen the case, do you have any suggestions. I've seen portfolios of CC debt for sale (chargeoffs, etc.) but now I'm trying hard to remember if "discharges" were offered too. Do CC companies just eat that loss forever, or do they try to resell those too? Thanks again if you could offer an opinion.

Thank you for the response. I actually started a "pay for delete" thread a couple days ago in the Credit Repair forum. I posted the following in that thread.... I pulled out the discharge paper sent by the BK Court, and in the section "Collection of Discharged Debts Prohibited", the final sentence in the second paragraph states "Also, a debtor may voluntarily pay any debt that has been discharged". Contacting a creditor may not seem that unusual I guess. " I didn't receive any more thoughts on that thread, thus, I began searching for more ideas since according the Bankruptcy Court, the opti

SIFXPERT, In general, what does MBNA do with CC debts that have been discharged via Chapter 7 BK. Do they sell them, or just eat it forever since its been discharged. If my goal is to delete the tradeline completely which shows "Included In Bankruptcy" , would a PFD work? Also discharged Discover, etc(the list is probably shorter if I mention who I didn't discharge). Thanks if you could offer an opinion.

I pulled out the discharge paper sent by the BK Court, and in the section "Collection of Discharged Debts Prohibited", the final sentence in the second paragraph states "Also, a debtor may voluntarily pay any debt that has been discharged.". Contacting a creditor may not seem that unusual I guess. And yes, I do hope LadyNRed would comment. Thanks again.

I was planning on doing this one year + one day after the BK case closed, which means it couldn't be reopened by the trustee or anyone (please correct though if I'm wrong) and when hopefully I'd be able to afford it. If I needed to do it today, I could probably go for a loan from family (I'm the educated but broke one, go figure). But as you say, I wouldn't talk to any discharged creditors till early next year. A couple of big ones filed "notice" letters to keep them posted if there's any activity on my BK file so I know they're watching just in case something unusual happens. If I do this

Hi Doc Don, I've been searching high and low, do you think the "pay for delete" would work in this situation where the creditor now holds a discharged\uncollectable debt due my Chapter 7? (assuming they haven't sold it) (its a paste from one of your post on Sun Sep 12, 2004 7:16 am "Don't call your creditors. Check to make sure none of your debts are beyond SOL. If they are, you have much more leverage to negotiate a pay for delete (since they are barred from getting any money PS--hope I'm not butchering your intent on that post.

Drats, no luck. Searched for "buy" and "discharge" as keywords in the "OffTopic" forum, went through 14 pages of thread titles, didn't see a match.

Appreciate the help DocDon. If you could mention a couple of "keywords" and the forum so I can do a search too (I've been looking but to no avail so far), I'd be grateful. Thanks again so far.

Don't see the illegality of it, but if you do have a link, I'd gladly read it. Its a jungle out there, and I don't want to be under the stampeding elephants for the next 10 years.

I'm sure I'm missing the intent of your wink, but to avoid the "subscription service requirement" of the CRA, I'd have to initiate a dispute as the debtor. I'd expect to send my agreement with the new corporation to the CRA, so the identity of the owner of the debt is an automatic.