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Mike1978
Posts: 2
Registered: ‎02-23-2008
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Credit report state bankrupcty but I paid the car off and made timely payments.

I filed bankruptcy 6 years ago.  I kept my car and never made a late payment.  In 2006 I paid off my car. Is it normal that my credit report reflects a $0 balance and says Derogatory due to bankruptcy?
 
Established Contributor
granny031350
Posts: 951
Registered: ‎12-04-2007
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Re: Credit report state bankrupcty but I paid the car off and made timely payments.

yes it is reporting correctly
Regular Contributor
dazednconfused
Posts: 244
Registered: ‎04-16-2007
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Re: Credit report state bankrupcty but I paid the car off and made timely payments.

If you paid the car outside of bankruptcy and never paid late, it should be reporting as paid as agreed.  It should not report as derog due to BK [if paid as agreed outside of the BK plan].
Established Member
raisemyfico800
Posts: 15
Registered: ‎03-06-2008
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Re: Credit report state bankrupcty but I paid the car off and made timely payments.

This should not say "Derogatory" if you did not make a late payment. I would dispute it with the credit bureaus.

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steelfan
Posts: 473
Registered: ‎03-06-2007
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Re: Credit report state bankrupcty but I paid the car off and made timely payments.



Mike1978 wrote:
I filed bankruptcy 6 years ago.  I kept my car and never made a late payment.  In 2006 I paid off my car. Is it normal that my credit report reflects a $0 balance and says Derogatory due to bankruptcy?
 


All you have to do is send them a copy of what accounts were included in the bankruptcy and they will correct it.  You can dispute online but they will just send you something in the mail asking you to provide the proof anyway

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