Guys I've recently been through bankruptcy. Long story short, my business partner used my good credit to buy a whole bunch of houses we could not afford. He lost his job yada yada yada....Well all the debt got discharged but having recently got approved for an auto loan, the guy was wondering what the hell happened to my credit because even though I had bought 4 pieces of property, the loans kept getting transferred to other lenders and servicers throughtout the whole ordeal, adding a new derogatory mortgage account to my credit report each time, even though technically they just transferred.
I was wondering if I should add a consumer statement to my credit report to explain what happened, and how I should best word it. I imagine my credit report still looks "messy" and red flaggy the way it is, and figure adding a statement explaining the situation might make it more palletable, and help any credit review process along in the future... any suggustions?
