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This is weird....

New Contributor

This is weird....

I included my car loan in my bk.  It is still being reported as OK on my EQ report (according to my USAA credit pull) from filing until September.  Is this typical?  It's reported as KD for July on EX and not reported on TU.  I wonder what that's all about....

BK Filed 7/1/12 --- EX: 494 EQ: 505 TU: 505
10/12 EX: 599 EQ: 599 TU: 599

BK Discharge 10/23/12
Cap1 $3000 (AU) / NFCU Visa $500

GOAL #1: 660
2 REPLIES
Community Leader
Epic Contributor

Re: This is weird....

A debt discharged by BK requires the creditor/debt owner to then update their reporting to $0 debt balance due.  There is no longer a debt due to them.

However, it does not require the deletion of any derogatory information reported on the debt prior to its discharge.

 

Recording of "OK" in payment history profile is often inserted if no reporting is received for a given month, or it is just left blank.  I suspect they simply stopped reporting any continued delinquencies, as they no longer care to update an account for which they can pursue no debt..

The other codes that recorded the delinquencies remain, and will still show the delinquency of the account at the time the debt was discharged.

 

Not, in my opinion, a significant reporting issue.  The significant issue is that they update the balance to reflect $0.

 

Highlighted
New Contributor

Re: This is weird....

Okay, awesome.  Thanks for the response!

BK Filed 7/1/12 --- EX: 494 EQ: 505 TU: 505
10/12 EX: 599 EQ: 599 TU: 599

BK Discharge 10/23/12
Cap1 $3000 (AU) / NFCU Visa $500

GOAL #1: 660