DH has a BK from 2003. We've been steadily rebuilding his credit. A couple of the creditors are reporting erroneously; one in particular.
Providian was showing an account as "charged off" that was actually included in his BK. When I disputed through the CB, they updated and NOW the account shows as a Collection/90 days late. This collection is reported as of this month, which has caused his score to plummet.
I thought that an account in BK could only report the account as IIBK/derogatory. This account has actually gotten WORSE with my dispute because it now shows as a brand new collection account on his report.
Meanwhile, I managed to get collection accounts off his report (3) because they weren't his to begin with. ALL these events (removing 3 and providian screwing him up) posted on the same day, so the net effect of getting 3 collections OFF his report was a 4 point drop in his score because of Providian.
Now, here's my concern/question:
1. Will this providian nightmare (which now looks like a brand-new collection) correct itself next month?
2. Will the providian blemish re-date itself so that now, instead of being derog from 2003, it is a derog from this month? If so, pass the razor blades, please.
3. Is this not a case of providian reporting wrong? I thought all they could say was IIBK. Am I wrong?
4. NOW what do I do? lol
Any input is appreciated!
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Message Edited by Cheech on
05-13-2008 09:12 AM
