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Frequent Contributor
Posts: 309
Registered: ‎04-04-2012
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Mortgage that was IIB?

[ Edited ]

Should a mortgage that was included in bankruptcy be showing under negative accounts on the credit report?

 

And, are they supposed to be reporting the lates in with it?  I thought that wasn't allowed.

 

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Registered: ‎04-07-2009
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Re: Mortgage that was IIB?

A bankruptcy is considered a mjor derogatory. Are the lates prior to the BK and which bureau(s) are reporting it?

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Registered: ‎04-04-2012
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Re: Mortgage that was IIB?


AndySoCal wrote:

A bankruptcy is considered a mjor derogatory. Are the lates prior to the BK and which bureau(s) are reporting it?


I understand the impact of the BK.  Yes, the lates are prior to BK. 

 

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Re: Mortgage that was IIB?

Then I believe that it is reporting correctly.  When was the bk?

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Frequent Contributor
Posts: 309
Registered: ‎04-04-2012
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Re: Mortgage that was IIB?


Shogun wrote:

Then I believe that it is reporting correctly.  When was the bk?


I thought things included in BK weren't supposed to show payment history.  BK discharge was 12/2007.

 

Frequent Contributor
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Registered: ‎04-04-2012
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Re: Mortgage that was IIB?

[ Edited ]

Does anyone know the answer to this?

 

Should a mortgage IIB be showing under negative accounts with the late payments (well all the payment history) showing?

Valued Contributor
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Re: Mortgage that was IIB?

I know of no of nothing that prevents a creditor from reporting lates on a BK account.  Since they wer prior to the BK I do not see a problem If it was during the BK I would have an problem withat because the court is in control of the payments and not you.  The lates reporting must 5+ years old approximately. even if they were not reported I am not usre how much impact it would have on your score.

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011
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