Rebuilding Your Credit

[fuzzybean]

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.

[AndySoCal]

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

[fuzzybean]

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AndySoCal wrote:

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

[Shogun]

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

[fuzzybean]

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Shogun wrote:

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

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

[fuzzybean]

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?

[AndySoCal]

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.