The late payments won't go away until 7 years past your DOFD. You just want all those accounts to have a $0 balance and say "Included in BK"
Unfortunately, BK does not erase the records of late payment. They will stay on your report until they fall off. The good news is that they stop having as big of an effect over time.
IIB by itself is derogatory, and accurate records of lates incurred before you filed are proper reporting.
Actually the ones showing closed/current instead of IIB are incorrect if you discharged a balance. I did have several accounts that were closed by the lender when in good standing before I filed. Yet they picked up my BK and changed them to IIB. Because I had a copy of my pre-filing CRs I was able to force them to go back to closed with a clean status and cut down the number of IIBs..
a504dl wrote:How do you get them or force them to say " Current (not 'default/derogatory') status"?
It cannot say "current" if it was included in BK. That account will be derogatory until it falls off your credit report in seven years. The advantage of having it say "IIB" is that it will report as a $0 and should report as closed. It will never be a positive account.
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