topic Re: Chase updates two, four-year-old BK write-off Visa cards? in General Credit Topics

Chase updates two, four-year-old BK write-off Visa cards?

CH-7-Mission-Accomplished — Fri, 29 Sep 2017 16:07:45 GMT

Today I got an update from myFICO that said that Chase updated the two Visa cards I wrote off in my 2013 BK7. The information is the same, shows 8/13 and zero balance. Any ideas why they would do that now? Will it affect my score since FICO is seeing this new update? Are they just being jerks?

Thanks for any input.

Re: Chase updates two, four-year-old BK write-off Visa cards?

Anonymous — Fri, 29 Sep 2017 16:14:47 GMT

This happened to me as well, with Target card and Macys card. I received that update around 2013 (ch7 dc on 1/2010).

Was this your very first email? I received a few and eventually they will go away. I think that is normal.

Re: Chase updates two, four-year-old BK write-off Visa cards?

CH-7-Mission-Accomplished — Fri, 29 Sep 2017 16:35:23 GMT

i remember it happened around one year post-discharge as well. I think it impacted my score for a while but I honestly don't recall. Right now I am shopping for a new car since my 2008 car is dying, so the timing sucks if it impacts my score. Argh.

Re: Chase updates two, four-year-old BK write-off Visa cards?

RobertEG — Fri, 29 Sep 2017 18:56:48 GMT

Are you saying that they filed an updated reporting that did not change any information, such as the balance?

FCRA 623(a)(2) mandates updated reporting only if previously reported information has changed, and thus the prior reporting has become inaccurate.

CRA policy instructs furnishers to discontinue regular updates unless required by some change in previously reported information.

In the posted scenario, if the BK was previously reported, then the "update" adds no new derogatory information, and would not impact scoring.

The exclusion of the Chpt 7 BK is governed only by the date of discharge, and is not extended by any later reporting on the debt.