03-01-2017 02:06 PM
Even though most of my SL are with Navient, not all are showing in BR. I think 2 are turned over to collections. Not sure which are not showing BR, but I remember 2 don't.
WIll that hurt me after BR if they don't fix it?
03-01-2017 03:59 PM
Can you elaborate. Did your lawyer say that your student loans would be included in your bankruptcy? Usually you have to have extreme extenuating circumstances for the courts to allow you to include your student loans in bankruptcy.
03-17-2017 01:20 PM
I am losing my memory and can't remember words, please forgive.
On a credit report you see all student loans listed. I can't remember exactly how many I have, let's say 9. Two of them are listed as ??? which means they are turned over to collection, which is also on my credit report.
When you file bankruptcy ever line is marked ??? (IB???) which means they recognize it is in bankruptcy. When they have NOT put this designation on your credit report, should I care? How will it affect me?
03-17-2017 01:26 PM
In another week or so I can get my credit report to have the exact words you need, but I am hoping you can guess what I mean in the mean time. I am NOT talking anything at all about filing and adversary proceeding, I think it is called. Though, if I were I could probably win it because I do qualify and fully understand a lot about this issue. But, it has nothing to do with this conversation. I am only asking a simple question that everyone in BR faces, no matter what the creditor. It is heart breaking to be losing memory and words I need for conversation. I can describe things, but not find simple words.
03-17-2017 09:11 PM
IIB means that debt was included in your bankrutpcy, which if it's a Chapter 7, and was discharged, means you are no longer responsible for that debt. In most cases, your student loans will not be included in your bankruptcy so will continue to report on your credit reports just as they had prior to you filing. If you have negative marks on your credit report due to non-payment of federal student loans, I recommend going through the loan rehabilitation program to get the collection statuses removed from your credit report, and start a positive payment history with your federal student loans.
03-21-2017 08:44 PM - edited 03-21-2017 08:45 PM
@startinover I just wanted you to know that I hear your frustration and I am really sorry that you are having to struggle with memory loss. My heart goes out to you. I can only imagine how hard to adjust to that would be. Take care.
04-13-2017 10:51 AM
Tazman, I thought it was law that everytime a bankruptcy was filed that every creditor must state you are in bankruptcy proceedings and put everything on hold, whether or not they will be dismissed.
04-13-2017 09:41 PM
I don't think it usually matters one way or another. There are two things about bankruptcy. First, once you're discharged all debts that exoisted when you filed are discharged, whether they were listed or not. If someone wasn't listed, the debt is still gone, and they have to file with the court to get it reinstated, which is pretty hard to do. But. Student loans, listed or not, cannot be discharged by bankruptcy. Except in some very few circumstances, which just about nobody can meet.
The only problem might be your total debt. Not everyone can file a Chapter 7 nowadays. You have to be within some percentage or other of the median income in your area, or something like that. If you don't fit that, or sometimes even if you do but the judge thinks your income is high enough and your debts low enough he might order you into a Chap 13. So showing all of the debts you really owe, whether on your CR or not, is a good idea.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.