cancel
Showing results for 
Search instead for 
Did you mean: 

Mortgage that was IIB?

tag
fuzzybean
Frequent Contributor

Mortgage that was IIB?

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.

 

Message 1 of 7
6 REPLIES 6
AndySoCal
Valued Contributor

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?

FICO Scores XPN v8 802 V2 831 (SDFCU) TUC 803 v8 EFX 807 (10/2023)
Discover 09/90 19,000, JCPenney 10/2008 4,700 US Bank Cash+ 12,000 Citibank Custom Cash 5/2015 11,100 C State Dept. FCU 15,000 06/2023 , 02/2024 Redstone FCU Signature VISA 10,000 Banking: Ally Bank Credit Unions: Lafayette FCU Quorum FCU State Department FCU State Department FCU Pelican State CU Redstone FCU

Message 2 of 7
fuzzybean
Frequent Contributor

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. 

 

Message 3 of 7
Shogun
Moderator Emeritus

Re: Mortgage that was IIB?

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

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 4 of 7
fuzzybean
Frequent Contributor

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.

 

Message 5 of 7
fuzzybean
Frequent Contributor

Re: Mortgage that was IIB?

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?

Message 6 of 7
AndySoCal
Valued Contributor

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.

FICO Scores XPN v8 802 V2 831 (SDFCU) TUC 803 v8 EFX 807 (10/2023)
Discover 09/90 19,000, JCPenney 10/2008 4,700 US Bank Cash+ 12,000 Citibank Custom Cash 5/2015 11,100 C State Dept. FCU 15,000 06/2023 , 02/2024 Redstone FCU Signature VISA 10,000 Banking: Ally Bank Credit Unions: Lafayette FCU Quorum FCU State Department FCU State Department FCU Pelican State CU Redstone FCU

Message 7 of 7
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.