Credit Card Center Advertiser Disclosure

Reply
Valued Member
Posts: 25
Registered: ‎11-19-2014
0 Kudos

Dishcharged and now accounts are showing BALANCE DUE

So I'm a little confused.  I filed for bankruptcy on 5/5/17. During this time creditors started to update my credit file to $0 balance owed. I thought well thats great until this past Monday when I was actually discharged from each. Now these same creditors have removed the $0 balance due and replaced it with the original amount. Is this suppose to happen?  

 

Also my auto loan that was never late prior to filing is now showing me as a past due balance because I stopped paying when I filed (which yes now the loan is late but I surrendered the car. Are they allowed to report the lates that happend the last 2 months while I was waiting for discharge? This company also had put me down for a $0 owed and no lates and now have changed it since the discharge was isssued.

 

Is there anything I can do? Is this normal to have them update to the original amount even though they were fully discharged? All of these alerts came in from Fico so I know they are accurate.

 

Feeling bummed - was thinking once i hit discharged things would clear up and now I am back to square one. 

Pre Bankruptcy #s before filing low 500's (filed 5/5/2017)
Highlighted
Community Leader
Super Contributor
Posts: 9,629
Registered: ‎07-17-2013

Re: Dishcharged and now accounts are showing BALANCE DUE

[ Edited ]

Once you're discharged, by law every acct that was IIB, has to report $0 balance/included in bankruptcy. I would send in your schedule to all 3 CRA with disputes, stating they need to change it to reflect that. 

And, NO....no creditor is allowed to report any lates AFTER the date of filing on an acct that was IIB...which in your case was 5/5/17. Again, dispute it.  now, with that said, any lates you occur after your DC is all yours, and they can report it . I will warn you though, stay current on everything after DC.  Lates or anything negative after DC is extremely bad. 

(BK7 d/c-08/2013/FICO-400's)---> 07/2017 FICO- EQ-669, TU-676, EX-681
Scores being held down by tons of INQ/New acts Smiley Wink

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.