How is this possible, and where do I go from here?

[simi_go]

So my bankruptcy if finally discharged.  I subscribe to USAA CM and I just pulled my reports and everything is reporting correctly as I can see it on TU, and the USAA FAKO is a respectable 608.  So I figured I would go ahead and buy my FICO on here and just compare the two.  497 **bleep**!

You have a serious delinquency, public record and/or a collection on your credit report. - I understand this, I just filed BK

You have few accounts that are in good standing. - There are a couple of closed accounts that were paid in full and never late, but nothing currently open.

There is no recently reported activity on any of your non-mortgage credit accounts. - I filed BK so everything was closed.

You have one or more accounts showing missed payments or derogatory descriptions. - Not a single late payment EVER reported on TU.  Derogatory just the BK.

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All of the accounts that were included in the bankruptcy show that they are "UNRATED" as the status.  Is this correct or should it say something else?

I have 0 inquiries on TU, and no collections.

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So basically what I am wondering is where do I go from here?  Is my score so depressed (like I am now) because there are no open accounts?  If that is the case then getting a secured card should fix that real quick right?  Last week I was prequalified for the Capital One Quicksilver and the Platinum.  Now all I get is the secured card.  So guys and gals where would you start?  BTW the other reports are not cleaned up yet but I am working on them.  Both of the other reports have one positive tradeline, an AU account with 1% UTIL, but for some reason TU will not report that account.

[s9]

Hi Simi

You need to go to the bankruptcy section on this forum and chek out SoulMaster. This guy has posted a How to: from bk7 discharge to 700 in 24 months or less.  I have been following the steps and my score has improved tremendously.

Good luck on your rebuild!!!

[simi_go]

I have read every single post in that thread. The first thing he says. And say it about 25 times is don't go the secured route. But I can guarantee no CC on earth is going to approve me with a 497 FICO. So I have to look elsewhere. 

[StartingOver10]

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@simi_go wrote:

I have read every single post in that thread. The first thing he says. And say it about 25 times is don't go the secured route. But I can guarantee no CC on earth is going to approve me with a 497 FICO. So I have to look elsewhere. 

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Actually, once you fix the reporting of your tradelines you will see a bump in your score. Each tradeline is supposed to read:  iib and zero balance. Not a blank in the balance column an actual zero.  It also isn't supposed to read 'unrated'. 

Get your 3 reports (not scores) from www.annualcreditreport.com  to begin the process of correcting your reporting. Once that is done, you will be able to get a low limit card that is unsecured.

[Delia72]

+1

[ezdriver]

+2 ... come back when you can state that every tradline in your three credit reports is reporting IIB and zero balance. Until then, I recommend that you stop thinking about applying for new credit.

[simi_go]

Actually I pulled from TU dispute today and every single account is listed as IIB and $0 balance. Experian is also completely updated. Only EQ has one account still not updated. I am assuming the myFico report shows unrated because TU deletes the payment history and just puts everything IIB with $0 balance.

So correcting my reports is not the problem. So what else could be?

[TRC_WA]

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@simi_go wrote:

So correcting my reports is not the problem. So what else could be?

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What's the problem again?  A low score?

[ezdriver]

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@simi_go wrote:
Actually I pulled from TU dispute today and every single account is listed as IIB and $0 balance. Experian is also completely updated. Only EQ has one account still not updated. I am assuming the myFico report shows unrated because TU deletes the payment history and just puts everything IIB with $0 balance.

So correcting my reports is not the problem. So what else could be?

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In your original post, you asked about "unrated" status of items on your credit reports. If your reports were not secured through annualcredit.com or a lender-pulled credit report, then we cannot address anything on those reports to which you refer. Let us know when you have reviewed reports from either of the two sources that I listed here.

[Delia72]

Also myfico pulls EQ. If there are still accounts not showing IBB and $0. That could be the problem.