03-02-2009 01:02 PM
03-02-2009 04:19 PM - edited 03-02-2009 04:19 PM
03-02-2009 04:32 PM
03-03-2009 07:52 AM
03-03-2009 03:08 PM
same thing happened to me...only I just figured it out now and there are about 8 late payments that have been on my report that should not be ..I filed may of 07 and I have late payments showing in sept of 07when even my discharge was aug 07..I even have a mortgage payment showing on experian from july 07 and my mortgage was not reaffirmed even though I kept my home.
Another question...what about that C/O that shows...? I have some of those reporting even last year!!!!! you would think one time would be enough..some do actually sho C/O the month I filed but keeping showing that C/O for a few months after..is that counting again me like a late payment every time they report it that way?
I hope not ...that might explain why some creditors deny me saying I have late payments when this is why.
thanks for any help!
03-03-2009 03:15 PM
03-03-2009 03:25 PM
thanks thats what I thought...I have more of those C/O s than anything...like 20 or so!!!???do you think they count like a late payment?each time it gets reported as a C/O?? it is mostly with experian I notice I am going to check mine right now...if this all gets changed I might get some points back!
And oh yeah...I read on this site the other day that when your bk becomes 2 years it might raise the score a little..what is your insight on that?10 or 20 points is good tome!!
thanks for the help!
03-03-2009 03:35 PM
I think my bad account was with EX too. They are counted as a late payment. When EX offered their scores and reports via MyFico and you went to "Your Credit at A Glance" page of the report, it listed things like past due, length of credit history, and late payments. My first pull from EX on this site showed 99 late payments. You can believe that my eyes popped out of my head and my jar hit the keyboard. After doing my repair work and getting prohibitted lates and co removed, as well as deleting accounts, as of early February I was down to about 10 lates (which are valid and pre bk so I'm GW'ing the heck out of those companies).
Derogatory notations (which would include a bk) do have less of an impact when they reach two years of age. Again, I love this site, on the "Understanding Your Fico Score" section on your fico reports, one of the positive factors on my scores is that my public record is 4 years and 4 months old. I, nor can anyone else, tell you what kind of score change to expect. There are too many variables, debt utilization, average age of accounts, types of accounts, etc... to give you a number. However, having said that, if you make all your payments on time and keep your utilization low, and your BK turns two, you should expect to see some increase.
03-03-2009 03:46 PM
thanks your alot of help!.. I just went to my credit monitoring site...it showed 8 late payments after I filed bk7 and 28 of those C/O after my bk7 was filed...Now I did however count the late or C/O showing for the month I filed ..should they be gone too? I filed 5/7/07...so I wouldn't think showing a late payment for 5/07 or those C/O would be justified ?
what do you think?
03-03-2009 03:53 PM
Cleaning up after Bk is tough, as others on this board and other boards will tell you. I wish I would have started sooner and found this site sooner. You will find so much information here. Sometimes, more than what you know what to do with.
The month of filing is ok for them to report. It's the last month you were technically late or missed a payment with them even though you filed on the 7th.
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