11-22-2012 09:56 PM
My chapter 7 BK was discharged in October of this year and I have a couple accounts reporting like:
Status - Charge Off; Type of Account - Revolving; Type of Loan - Charge Account; Whose Account - Individual Account; ADDITIONAL INFORMATION - Consumer Disputes - Reinvestigation in Process; Account Transferred or Sold; Charged Off Account; Charge;
My other accounts are all showing iibk besides about four which all say the above. Should theese be reporting iibk? I submitted online disputes and they say it is reporting correctly. I am trying to make sure my report looks right after the BK because of what I read in another thread.. Do I need to send out certified letters now? Thank you a head of time for your help, AND happy Thanksgiving!
11-23-2012 10:28 AM
All of these accounts are the OC that have sold the accounts off. They are reporting as "PIF charge off" I made a quick call to the OC and they told me they are not the owner and it is reporting correctly. Is this right, or do I need to send it certified letters with a copy of my discharge paperwork showing they were iibk? Thank you so much again, I just really want my report to be 100% accurate so I can start all over
11-23-2012 04:07 PM
If the accounts were CO's before being included in BK, then they are reporting correctly. A CO is considered a final event in an account reporting. So the account was already finalized and you owed nothing. Including it in a BK afterwards changes nothing from the reporting party's stand point. You owed nothing, and a finalized status was already reported.
If you included them before they were CO then you could make a case but most of the time the CO status preceeds BK and is considered a finalized account. While this is disputable, you dispute reason must be different. Do you disagree with, the credit limit, high balance etc reported. You can dispute based on that, but not on the status.
12-05-2012 08:23 PM
Forgot to respond to this and just wanted to say thank you. you cleared up my confusion
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.
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.