I would appreciate any help. I have read the post here for a long time and have learned a lot. This post has helped me to get my credit score up, so thanks to everyone. But now I need some advice. In Dec. 2000 I filed a Chapter 13 bankruptcy to try and save a home and auto. We had a lot of medical debt. I paid on the Chapter 13 for almost 2 years when I fell into financial problems again. We gave the house and auto back to the banks. I settled with both the mortgage and auto loan and paid them off. This was in 2002. Since that was the only debt we had left, our attorney recommended we let our Chapter 13 be dismissed. We had paid most of our medical bills off during the 2 years of our bankruptcy. On my credit report, the date of last activity for the home and auto loan shows 2004. This was when the bank and mortgage company sold out to other companies. When does the 7 years begin for reporting these debts on my credit report? They show as being included in the bankruptcy, which they were because we had been behind on the payments. Should the 7 years have begun in Dec. 2000 since it has been reported since then or did it begin with the repo/foreclosure? After 5 years of disputing and sending copies of the settlement and payment from the mortgage company, Equifax is finally showing a 0 balance and account paid for settlement amount. This brought my score down 30 points!
I do not understand. So now I am just trying to get this off my report. I have sent a goodwill letter to the mortgage and bank for auto but they won’t budge. It has been 7 years since this all began, shouldn’t it come off now? Any advice would greatly be appreciated. Thank You and Merry Christmas!
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