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I had a ch 7 discharge on 11/15/05 and looking at my credit reports it shows this. Why are they updating my account. This was in the bankruptcy and was discharged. It also states I became derogatory less than a month ago. Can they do thta? Is there anything I can do?
Account Number Lending Institution Payment Status Date Comment Date Last Reported **** WFNNB/EXPSTR 01/2009 Was "In chapter 7 bankruptcy." 01/2009
does anyone now if you can be reported as like after bankruptcy. example. i filed in june 2008 and was discharged in september 2008. can they report me as late from june on??
Well, I'm not THE expert on that field but here's how I understand it:
Once you are discharged (CH7), no balances can be reported. I'm not sure about your example with June but let's say they would report you 90 days late every month from October on, I would think they are violating the FCRA. Once you ARE discharged, the creditor is not supposed to receive any money from you (well, the account is DIScharged..).
So if you legally don't owe them and aren't supposed to make further payments, how can you be late AFTER your discharge, especially with a $0 reported balance?
Maybe somebody has better info on that than me, but that's how I see it..