10-03-2012 03:03 PM
10-04-2012 04:23 AM
I'm having serious issues with two HSBC accounts (now cap one) that were included in bankruptcy when I filed on 9/2011. They have been reporting inaccurately and every time I dispute, they verify it. It is reporting as charged off with past due balances and late payment history after bk. I even recently got two letters from HSBC that basically stated that the have received numerous disputes from me and as a result they will only report the trade lines as charged off with the past due balance amounts. I was livid. I tried reaching out to capital executive Office but they haven't really helped. I don't know what to do at that point. I just tried emailing capital one CEO. I am very frustrated.
I've been having the same problem with Chase. Only two days ago did we find out that it had been sold prior to our filing. We had no idea since the CA that bought it never once contacted. Yesterday, I emailed the CEO and heard back from their executive office just a couple hours later. I'm not sure what they'll do for us.
10-06-2012 03:41 PM
What I want to know is what are the rules? I am having the same problem. I simply cannot get all of my tradelines to remove the "Current Balance Due" and it is seriously skewing my debt-to-income ratio. I get so frustrated dealing with the 3 credit bureaus because it seems like the consumer has absolutely no recourse if something is wrong. Is there anyone on these forums that knows if the FCRA or BK code deals with this situation?
10-06-2012 03:47 PM
If the accounts were included in bankruptcy, they must update the balance to $0. I suggest you file a complaint with the BBB and the Consumer Financial Protection Bureau. In my situation, I have been tryiing to deal directly with the OC (Capital One) in good faith but they continue to mess up. They recently updated the tradelines again and one account continues to show a past due balance. I will try speaking with th executive office rep again next week. But i'm very close to filing a complaint if it isn't resolved by next week.
10-06-2012 03:56 PM
At what point though does it become the Credit Bureau's problem for not reporting it correctly? They can obviously see that I am in a Ch. 13, but they continue to report balances on accounts that are also being reported as being IIB?? It's rediculous!
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.
* 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.
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.