11-17-2012 09:09 AM
11-17-2012 11:47 AM - edited 11-17-2012 11:49 AM
For the collections that had the debt discharged in BK, any party having existing reporting on that debt is required to update the debt/collection balance to $0.
Discharge of the debt, either by payment or BK, does not compel deletion of any reported derogs on the account that occured prior to discharge.
If the collections arent now reporting $0 balance and closed status, they have the statutory obligation to promptly update their reporting. Being as the collection is closed, they have little incentive to follow through, so you might need to push.
If informal requests dont result in their voluntary update, you can always file a direct dispute, compelling them to take action within 30'ish days.
11-17-2012 06:52 PM
ok then well lets hope they are nice.
also any idea what CC she can apply for that? Or should she go with a store card?
11-17-2012 08:04 PM
Capital one... if she doesnt get approved (most likely will)
DO NOT APPLY FOR ANY OTHER CREDIT
Instead open up at least 1 secured credit car with maybe local credit union or Wells Fargo...
WF will turn into an unsecured credit card and return the security deposit back after 1 year of on time payments...
THats what I would do if i could go back in time..
Going out trying to apply for every credit card that accepts bad or rebuilding credit cost me abotu 15 inquiries before i realized secured was the way to go...
apply for CAP1 if they dont approve go with secured card
11-17-2012 08:05 PM
11-17-2012 08:55 PM
11-17-2012 09:16 PM
Have you been to www.annualcreditreport.com ? This the federally mandated report that you get once a year at no cost. It's not like those other ones that claim to be free if you sign up for their service.
11-17-2012 09:33 PM
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