topic Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE in Bankruptcy

FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

Anonymous — Sat, 19 Jan 2019 19:38:30 GMT

This has been bothering me since my discharge 6/15/2018, maybe someone can direct me on how to get this corrected. I have zero late payments before I filed in March of 2018, meaning I made all Feb payments. All 3 of my credit reports are showing the payments except in March it shows it going negative. which is correct. My problem is My Fico under payment history is showing 7 accts 30 days late or derogatory indicator (which would be correct) but then it shows 7 accts 60 days late or derogatory indicator. So my question is with the stay in place in March and all payments being made in Feb how do I get a 60 day late or derogatory late. I called My fico and they said this is the way it is..just wondering if anyone else has this issue

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

FireMedic1 — Sat, 19 Jan 2019 23:45:21 GMT

Is it one or all creditors that did the reporting? If all accounts were current and then the case was filed. From that date of filing nothing else should be reporting. Only IIB 0 balance. They shouldnt be late any longer. @RobertEG pops in alot and can help you with the best way to handle this.

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

Anonymous — Sun, 20 Jan 2019 00:10:54 GMT

Thanks for responsing. All my creditors say chapter 7 bk/never late. On my my fico reports dont show any lates. My fico says under the summary like paymeny history it says the 7 lates ordegoratory for both 30 and 60 days which is causing my payment on time to be 71%. Ican understand it being 30 days because degoratory indicator (bankruptcy posted in march)but the 60 days is untrue..i didnt file bankrupty because of missing payments i filed because i got hit with almost 100000 wage garnishment and i knew within 6 months i would be in deep trouble. I hope Robert can help

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

FireMedic1 — Mon, 21 Jan 2019 12:19:11 GMT

I did a little research and found out if a creditor reports a late for a date AFTER your bankruptcy FILING date, and certainly post-discharge, dispute it. A Discharge in a bankruptcy acts as permanent injunction against the attempts by those creditors listed on your petition from ever attempting to collect on those debts.

A discharged debt can NOT be late – ever. So if a creditor reports a late for a date AFTER your bankruptcy FILING date, and certainly post-discharge, dispute it. A Discharge in a bankruptcy acts as permanent injunction against the attempts by those creditors listed on your petition from ever attempting to collect on those debts. This means that those discharged creditors cannot call you, send you a statement, institute a lawsuit against you or continue a lawsuit that they had started prior to filing of your bankruptcy, can’t try to collect on a pre-petition judgment they may have received by garnishing wages or levying bank accounts, and they also CANNOT report negatively on your credit report.

Tell your lawyer also. Civil action could be filed for the violation of the BK laws.

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

Anonymous — Mon, 21 Jan 2019 14:58:01 GMT

Thanks for responsing again! I greatly appreciate it. This is where i am at right now . I disputed all my bankrupt accts (7 in total) back in Dec, with experian got my report back and ALL creditors are showing chap7 /never late. In the payment history there is all green check marks in thoughout my payment history including Febuarary and March( meaning creditors are reporting good.) But experian is showing a red N in March on all accts. So i called experian with my dispute results and they said that the bankruptcy indicator triggers that N in March. I said well the creditors are showing that March payment is good so u need to remove the red N. So my problem is not with the creditors its with the reporting agency, creditors are reporitng correct and reporting agencies are putting there own spin on it. Called lawyer he said to file a complaint with CFPB, and see what response we get with that, to have it in writing . Then go from there. If anyone has any other suggestions please let me know. Thanks

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

FireMedic1 — Mon, 21 Jan 2019 17:02:22 GMT

@Anonymous wrote:
Thanks for responsing again! I greatly appreciate it. This is where i am at right now . I disputed all my bankrupt accts (7 in total) back in Dec, with experian got my report back and ALL creditors are showing chap7 /never late. In the payment history there is all green check marks in thoughout my payment history including Febuarary and March( meaning creditors are reporting good.) But experian is showing a red N in March on all accts. So i called experian with my dispute results and they said that the bankruptcy indicator triggers that N in March. I said well the creditors are showing that March payment is good so u need to remove the red N. So my problem is not with the creditors its with the reporting agency, creditors are reporitng correct and reporting agencies are putting there own spin on it. Called lawyer he said to file a complaint with CFPB, and see what response we get with that, to have it in writing . Then go from there. If anyone has any other suggestions please let me know. Thanks

As I was reading this I just thought CFPB and then you already typed it. Its CFPB time. Send or upload your CR's from EQ/TU showing they fixed the mistakes and EX hasnt done so much to correct the problem. Good Luck!

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

Anonymous — Thu, 23 May 2019 14:43:05 GMT

Hi. Do you have an update for this. I just filed in April and I'm having the same problem.

Thank you.

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

FireMedic1 — Thu, 23 May 2019 23:33:18 GMT

@Anonymous wrote:
Hi. Do you have an update for this. I just filed in April and I'm having the same problem.

Thank you.

Kudo the posts and next time they sign in they'll be led here to answer your question.

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

Anonymous — Fri, 24 May 2019 14:05:09 GMT

Sorry for the delayed response. There is no change , they are saying there is no late payments and the derogatory indicator is triggering the 30 days 60 days lates. I have disputed, called filed complaints and they all say the same. So I just let it go at this point. I tried to open more accts than I should have to counter act this and it doesnt seem to make a difference. My scores are below and my bankruptcy becomes a year old next month , so I will let you know if my percentage of on time payments goes up . Sorry I wasnt more help.

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

FireMedic1 — Fri, 24 May 2019 14:44:10 GMT

Where is the info coming from? Get your free annual reports and go over them. If it is showing on the report. Contact your lawyer and he/she can go after them and you could get $1000 after the courts fine them for reporting fasely.

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

Anonymous — Fri, 24 May 2019 15:46:11 GMT

its showing the letter N on my reports in March 2018, which is triggering on My fico section to 7 late/degorotory indicators for 30 days and 60 days . The reports are correct. Its the way My fico is reporting. Which is triggering my payment history to 71% which is bringin my score down lol. So when you call my fico, they see it and say that is just the way it is. So i asked them if I would have stopped making payments what would have happen , and the guy at my fico said then instead of 7 ( number accts i included in bankruptcy ) that number would be higher and my pament history would be lower lol and i probably would have never notice it , except I made all payments up to the date I filed. So to find out if this is the case if you have a copy of your credit report count your lates and see if they match my fico ( if you have it ) lol. I appreciate they help

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

gdale6 — Fri, 24 May 2019 16:33:16 GMT

myFico does not report anything all it does is take info from the CRAs and crunch a number. It may have its own interpretations of info onfile at a CRA and display it as such but its not the one reporting any of the information.

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

robleewent — Mon, 09 Sep 2019 23:18:38 GMT

I am reading and this thinking “story of my life!” I filed BK in December 2016. I made all payments with NO late or missed payments. All 3 bureaus are showing that the 5 accounts included in the BK are “included in chapter 7 bankruptcy/never late”. But in the 24 month payment history, they ALL have a negative indicator in December 2016. I disputed these all 2-3 times now with each bureau. One lender actually was nice enough to call me. They said they have been doing this for 15 years and they aren’t sure why it shows as a late payment. They say that the software forces them to put a date in or they get an error when submitting the updated credit file. They said the date is usually a month/year and sometimes specific date is allowed. They said that they used the date they received notification the account was declared in bankruptcy status. They further explained this date is required so that in 7 or 10 years that negative action can purge out. This then causes a negative result on a score because of a public record as bankruptcy and then the person is double slammed because it’s showing as a negative on every single account included. The lender tried and tried to correct this and said they can’t figure it out. My vantage credit karma, and many other vantage score self-monitoring for experian, equifax and TU are all showing 5 recent missed payments. (1 in Dec 2016 for each account) My FICO is showing 6. I have to find this new 6th account. So far, I cannot get anyone to fix this. FICO actually showed 6 30+ and 6 60+! That’s insane. It’s killing my score

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

Anonymous — Thu, 07 Nov 2019 21:53:54 GMT

I filed BK Dec 2017 due to a really bad business deal. My chapter 7 discharge was February 2018. I had a vehicle lease. I was current on the lease at filing time and discharge time. I returned the lease at the advice of my atty. after I obtained a company car from a new job. Not a peep out of any of the creditors... until 18 months later .... On October 26, 2019 Ally financial reported to Experian 22 late payments (which was wrong even if they could report that) past 120 days.

I called them and they automatically routed my call to their BK division from just my Soc#.

I asked why now? They said they could not take money from me during BK but they could now..... basically credit reporting BLACKMAIL.

I disputed it on Experian, still pending. I escalated it and spoke with a lady named Casey who claimed she was their duty to report to credit agencies as I signed a lease.. I explained the obvious (BK discharge!) and she kept saying no where in the BK code does it say they cannot report negative post discharge even if the lease was signed over a year BEFORE BK let a alone a discharge. CASEY was belitting and rude. I told her to expect a lawsuit and she laughed!

I had my attorney write a letter threatening lawsuit and fines and fees, just three days gone by now....

I would like to know if there are similar situated people and get a class action lawsuit going against Ally for corruption, cohersion and fraud. They are harassing vulnerable people via credit reports and appear to be willing to take money to not report (I got too mad to play the game to that point, I wished I had a better smoking gun).

AGAIN, any attorneys wanting to do a class action for this on consignment? The punitive damages could be huge if it could be proven that they did this intentionally (pretty easy to prove based on Casey's attitude)..

The irony is that Ally filed for BK in 2009 or 2010 themselves!

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

FireMedic1 — Fri, 08 Nov 2019 08:47:24 GMT

@Anonymous wrote:
I filed BK Dec 2017 due to a really bad business deal. My chapter 7 discharge was February 2018. I had a vehicle lease. I was current on the lease at filing time and discharge time. I returned the lease at the advice of my atty. after I obtained a company car from a new job. Not a peep out of any of the creditors... until 18 months later .... On October 26, 2019 Ally financial reported to Experian 22 late payments (which was wrong even if they could report that) past 120 days.
I called them and they automatically routed my call to their BK division from just my Soc#.
I asked why now? They said they could not take money from me during BK but they could now..... basically credit reporting BLACKMAIL.
I disputed it on Experian, still pending. I escalated it and spoke with a lady named Casey who claimed she was their duty to report to credit agencies as I signed a lease.. I explained the obvious (BK discharge!) and she kept saying no where in the BK code does it say they cannot report negative post discharge even if the lease was signed over a year BEFORE BK let a alone a discharge. CASEY was belitting and rude. I told her to expect a lawsuit and she laughed!
I had my attorney write a letter threatening lawsuit and fines and fees, just three days gone by now....

I would like to know if there are similar situated people and get a class action lawsuit going against Ally for corruption, cohersion and fraud. They are harassing vulnerable people via credit reports and appear to be willing to take money to not report (I got too mad to play the game to that point, I wished I had a better smoking gun).

AGAIN, any attorneys wanting to do a class action for this on consignment? The punitive damages could be huge if it could be proven that they did this intentionally (pretty easy to prove based on Casey's attitude)..
The irony is that Ally filed for BK in 2009 or 2010 themselves!

Should be an easy win. No creditor can list any negative info on your reports after the file date. Period.