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Mortgage that was IIB?

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.

 

6 REPLIES
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?

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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. 

 

Moderator Emeritus

Re: Mortgage that was IIB?

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

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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.

 

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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?

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.

Equifax My FICO score 814 11/29/2016, Discover TU FICO 807 12/29/2016 Citibank Equifax Bankcard FICO score 827 12/27/2016 Average of Accounts 13 years and no Installment accounts, 1 TU inquiry in 2015