Reply
New Contributor
cirrus00
Posts: 64
Registered: ‎01-03-2014
0

Do dates of delinquency matter if account says IIB?

Hello,

 

Im sure this answer is somewhere on the board, and Ive searched around for an answer, but wanted to make sure what Im thinking is right.

I feel as if my car loan is reporting incorrectly.

 

I filed BK 11/22/13 and discharged on 4/1/14. Up until i filed this loan had been paid on time and was never late. But, the account is being reported as DOFD 01/14 (two months after I filed) and date of Major Delinquency 03/14. Are these dates incorrect? I feel as if they should be as of the filing date?

 

I appreciate your help!

 

P.S Im trying to attach a screen shot by Im not sure if it will work!

 

screenshot.JPG

 

 

Valued Contributor
0REDSOX7
Posts: 1,215
Registered: ‎11-14-2013
0

Re: Do dates of delinquency matter if account says IIB?

In this case the date of first deliquency doesn't really mean the date you were deliquent - as it should be the date your petition was filed - or at least the same month.

BK Discharge 2/11/14

Currently in the garden.
Valued Contributor
ezdriver
Posts: 1,869
Registered: ‎08-24-2013
0

Re: Do dates of delinquency matter if account says IIB?

My opinion is that once the tradeline is reporting IIB and zero balance, none of the other details matter ... and least not from a lender perspective. What should matter to you if whether or not the reporting will affect your ability to obtain new credit in the future. You will have taken the hit for having the bankruptcy on your credit report for a long time but you would have also been discharged of the responsibility to repay the balance of that debt. Also, auto loan companies will generally not continue to report on an auto loan once your filed the bankruptcy petition ... regardless if you continue to make payments on time after the discharge.

 



Starting Score: 618
Scores on 10/9/13: EFX 652, XPN 669, TUC 662
Scores on 3/17/14: EFX 649, XPN 677, TUC 681
Goal Score: 720 ALL


Take the myFICO Fitness Challenge
New Contributor
cirrus00
Posts: 64
Registered: ‎01-03-2014
0

Re: Do dates of delinquency matter if account says IIB?

Thank you for your reply. I was hoping it was ok, but the reason I felt it was wrong is because it looks as if I have a recent collection as of 4/14.

When they did that, Myfico alerted me saying a new collection had been added to my credit report. and my score went down.

New Contributor
cirrus00
Posts: 64
Registered: ‎01-03-2014
0

Re: Do dates of delinquency matter if account says IIB?

Also, I stopped making payments in Nov when I filed...so technially the DOFD should be when I filed. I dont know, I feel like its hurting me showing a delinquency after BK.

Valued Contributor
ezdriver
Posts: 1,869
Registered: ‎08-24-2013
0

Re: Do dates of delinquency matter if account says IIB?

Underwriters are skilled/experienced in reading/interpreting credit report contents. Your efforts/focus should be on rebuilding a robust credit profile. Just my 2cents...



Starting Score: 618
Scores on 10/9/13: EFX 652, XPN 669, TUC 662
Scores on 3/17/14: EFX 649, XPN 677, TUC 681
Goal Score: 720 ALL


Take the myFICO Fitness Challenge
New Contributor
cirrus00
Posts: 64
Registered: ‎01-03-2014
0

Re: Do dates of delinquency matter if account says IIB?

Thanks again, and thats what Im working on!

 

I was told "new and recent collections" was a reason for denial. Since this is the only thing added to my report in almost two years, Im assuming its this.

Valued Contributor
Scupra
Posts: 1,649
Registered: ‎07-12-2012
0

Re: Do dates of delinquency matter if account says IIB?


cirrus00 wrote:

Thank you for your reply. I was hoping it was ok, but the reason I felt it was wrong is because it looks as if I have a recent collection as of 4/14.

When they did that, Myfico alerted me saying a new collection had been added to my credit report. and my score went down.


Is this TL listed under the "collection" tab of your report? $0 bal and IIBK should not be there. It looks to be reporting fine and is most likely unrated at this point. Also, nothing happened AFTER your DISCHARGE, so no worries. Missing a payment or messing up AFTER d/c would be what hurts you.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
693 EQ FICO 11/2014
680 TU FICO 11/2014
682 EX FICO 11/2014
$14k NFCU Platinum - $14k NFCU cashRewards Sig - $15k NavChek - $6k Barclay Arrival WEMC - $5k Cap1 Quicksilver - $2.2k Amazon Store - $10k Cap1 VentureOne
New Contributor
cirrus00
Posts: 64
Registered: ‎01-03-2014
0

Re: Do dates of delinquency matter if account says IIB?

@Scupra.......its reported under "negative" on equifax. This is a screen shot of where all my "negative" accounts are.

 

screen shot 2.JPG

Valued Contributor
juggalo9er
Posts: 1,550
Registered: ‎10-24-2013
0

Re: Do dates of delinquency matter if account says IIB?


cirrus00 wrote:

@Scupra.......its reported under "negative" on equifax. This is a screen shot of where all my "negative" accounts are.

 

screen shot 2.JPG


dispute anything in your report that does not show iib and 0 balance like capitol one above/....

the beatings will continue until moral improves Wal-Mart 300 lowes 500 cap 1 3000 Barclay rewards 800 upromise 3800
Indiana Members $10,000 forum credit union mastercard 12,000, forum 7.24% 2,500 Nasa FCU 25k


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}