Reply
New Contributor
Posts: 90
Registered: ‎08-06-2012
0

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
Epic Contributor
Posts: 21,238
Registered: ‎03-19-2007
0

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.

 

New Contributor
Posts: 90
Registered: ‎08-06-2012
0

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
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.