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Community Leader
Valued Contributor
Posts: 2,763
Registered: ‎07-12-2012
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Should these accounts be reporting like this?

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!

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
721 EQ FICO 06/2015
720 TU FICO 06/2015
727 EX FICO 06/2015
$14k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $9k Barclay Arrival WEMC | $5.4k Cap1 Quicksilver | $6k Amazon Store | $11k Cap1 VentureOne | $5k Barclay US Airways | $500 Chase Freedom
Community Leader
Valued Contributor
Posts: 2,763
Registered: ‎07-12-2012
0

Re: Should these accounts be reporting like this?

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  

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
721 EQ FICO 06/2015
720 TU FICO 06/2015
727 EX FICO 06/2015
$14k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $9k Barclay Arrival WEMC | $5.4k Cap1 Quicksilver | $6k Amazon Store | $11k Cap1 VentureOne | $5k Barclay US Airways | $500 Chase Freedom
Frequent Contributor
Posts: 402
Registered: ‎11-03-2012
0

Re: Should these accounts be reporting like this?

It depends.

 

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. 


Starting Score: 501
Current Score: 706 EQ,TU 689,EX 686
Goal Score: 720

Community Leader
Valued Contributor
Posts: 2,763
Registered: ‎07-12-2012
0

Re: Should these accounts be reporting like this?

Forgot to respond to this and just wanted to say thank you. you cleared up my confusion Smiley Happy

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
721 EQ FICO 06/2015
720 TU FICO 06/2015
727 EX FICO 06/2015
$14k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $9k Barclay Arrival WEMC | $5.4k Cap1 Quicksilver | $6k Amazon Store | $11k Cap1 VentureOne | $5k Barclay US Airways | $500 Chase Freedom
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