Re: How to rebuild your score after a ch7 BK
05-04-2012 08:38 AM
Several of my Debts that were included in my bankruptcy say derogatory. So your saying they should say current? Is there any case law or something that I can say to the credit bureaus to make them fix that?
IIB is officially a derogatory status (it's bad). But you don't owe the debt and you aren't late anymore. I disputed mine w/ IIB, Zero Balance, Not Late and most of them got cleared up. There are still a couple that are reporting IIB/Derog (or even charge off/derog, if before the BK) on mine, but since they're well before the BK date, I don't find it worth my time to try and keep fighting. Notice the "give up" clause in my OP.
Also, Derogatory and Delinquent are 2 very different things. I have zero delinquents across all 3 CRAs, but several derogs (IIB). You are NOT delinquent on anything that's IIB and it should be fought tooth and nail until it's fixed. USAA Credit Monitoring has a quickie page that reports how many "delinquents" you have, if you happen to use USAA's CM tool.
Starting Score: ~470 preBK(8/2010)
Current Scores as of 8/2/13: EX 710, EQ 691, TU 709, all 3 LP for a Mortgage (TriMerge Report)
Goal Score: 700+ FICO across the board w/ my BK still on there (until 8/2020) - I think they're all already there... haven't had a bank pull a trimerge in quite a while.