grandpax5 Posted January 26, 2008 Report Share Posted January 26, 2008 US bank had me reported as included in bankruptcy when in fact it was reaffirmed loan. So I contacted them sent the proof and they sent me a letter stating the fact (Please update the above listed account to reflect previously included in bankruptcy Chapter 7 discharged 12/04/06) to the three credit agencys. does this mean my all three of my reports will show on the payments for the last 1 1/2 of payments or what. I need to understand what will appear on my reports. Link to comment Share on other sites More sharing options...
kb9tbq Posted January 26, 2008 Report Share Posted January 26, 2008 It should show as reaffirmed with the correct balance remaining. Either US Bank has to update their tapes or you have to write to each of the credit reporting agencies providing them proof of the account status. 1 Link to comment Share on other sites More sharing options...
grandpax5 Posted January 26, 2008 Author Report Share Posted January 26, 2008 US Bank said they would fix it, I was just confused as to what the letter was saying. thanks Link to comment Share on other sites More sharing options...
kb9tbq Posted January 26, 2008 Report Share Posted January 26, 2008 Oh, so it was a copy of a letter sent already to the credit reporting agency, but it looks messed up if they are asking to report bankruptcy. It can take up to 30 to 60 days for updates unless they rushed it. I would keep an eye on your reports for the change and if it don't work write to the credit reporting agency yourself. Link to comment Share on other sites More sharing options...
granny031350 Posted February 3, 2008 Report Share Posted February 3, 2008 So how does it report, as IIb/ paid in full or do they remove the IIB notation because the reaffirm in essence removed it from the BK? I have that situation with a vacant land loan. We reaffirmed in our chapter 7 and not one on time payment is reported. We sold the land and paid off the property in 2003. So I disputed with the bureaus and told them that if we weren't getting any credit for our on time payments and paying the loan off in full, the the fall off date should be when we filed our chapter 7. I contacted the creditor and she said she sent an update to the bureau but she didn't say if the account would still have the derog notation of bk on the file. Link to comment Share on other sites More sharing options...
kb9tbq Posted February 4, 2008 Report Share Posted February 4, 2008 If I was you I would dispute the account with the credit reporting agency and just try to get it deleted since it is not reporting right. It should show reaffirmed / paid off. Link to comment Share on other sites More sharing options...
Recommended Posts