Reply
Frequent Contributor
fuzzybean
Posts: 309
Registered: ‎04-04-2012
0

Mortgage that was IIB?

Should a mortgage IIB be showing under negative accounts with the payment history (full of lates) showing on a CR?  I cleaned up my CR.  Working on hubby's now.  I understand it being under negative accounts, but I thought if something was IIB the payments weren't supposed to show.

Valued Contributor
chasmith
Posts: 1,062
Registered: ‎05-26-2010
0

Re: Mortgage that was IIB?

Late payments before the BK was filed can remain, and the loan should be marked IIB.  There shouldn't be late payments showing after the BK filing.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge
Frequent Contributor
fuzzybean
Posts: 309
Registered: ‎04-04-2012
0

Re: Mortgage that was IIB?

I think I understand it now.  Thank you.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}