05-09-2013 11:45 AM
05-10-2013 04:55 PM
Has anyone ever experienced a bump in their credit scores once the chapter 13 discharge is reported to the credit reporting agencies?
Not yet but I'll let you know... my Ch 13 was discharged a few days ago on 5/7... it was reported to Equifax on 5/9... (not sure about the other 2 yet, I haven't gotten any notification from credit monitoring) and haven't got a notice about any credit score increase either... I'm assuming it takes a few weeks or months.
07-24-2013 10:20 AM
How long did it take after the final payment was made to the trustee to receive your discharge? My attorney is telling me 60-90 days, but that seems long based on some of the reports I've read in the forums. I'm making my final payment with certified funds.
07-24-2013 11:12 AM
60-90 days is about right. I live in Texas and this is the process that I had to go through. Once the trustee gets your final payment, the office will do a final audit to make sure all of your debts are paid off. Once this is done, the creditors will have 60 days to object to your discharge. Once the 60 days has passed, a discharge will be issued. I hope this helps you and good luck!!
07-24-2013 02:14 PM
In a few weeks, both of you should pull all 3 from annualcreditreport.com and fine-tooth them, making sure that everything that should say IIB does, and that they all have zero balances. Dispute anyting that's wrong.
Once it's all correct, you may/should see a score bump.
07-24-2013 02:28 PM
Thanks for the response. An audit was completed on my case and it was determined that I would have to pay an additional $1800 because of a property that I own with my siblings. All of my other accounts were paid in full with the exception on Santander (auto loan). They failed to file a claim when I initially file, so I'm surrendering my vehicle. Will this account still reflect as IIB or as a repossession?
07-24-2013 02:51 PM
Should be IIB. (The surrender/repo takes place after the filing).
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