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Accounts reported post Chapter 7

Contributor

Accounts reported post Chapter 7

I did a Chapter 7 bankruptcy, 12/22/2014. have accounts included in that bankruptcy still being reported and of course the late payments that came along with them. Is it not a double hit when they are reporting the bankruptcy as well as the late account? It seems the Chp 7 outweighs the accounts included on it, and therefore should be deleted, leaving only the discharge on your credit for 10 years.

PLEASE, ANY INFO APPRECIATED.

TU: 598 EQ: 598 EX: 613
21 months post Chapter 7
TU: 650 EQ: 625. EX: 629
| FLAGSHIP $12.5K [ NFCU cashRewards $10k [ PIER 1 $500 [ NORDSTROM $2000 [ MATTRESS FIRM $1,200
3 years Post Ch.7






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Valued Contributor

Re: Accounts reported post Chapter 7

If you included an account/creditor in your bankruptcy, then it could be reported on your credit reports. You just want to make sure that it is reported as being included in your bankruptcy, with a zero balance. If you were late on the account before you filed your bankruptcy, then the late payments would be valid. But they should not report any late payments after your bankruptcy. They do not have to delete an account altogether because it was included in your bankruptcy, not until 10 years anyways. 

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Contributor

Re: Accounts reported post Chapter 7

Thanks. I guess my logic was saying, it's kinda like if you graduate and obtain a diploma you shouldn't be asked what grades u recieved....The diploma superceides. So it's made to keep you in a never ending hole?!
TU: 650 EQ: 625. EX: 629
| FLAGSHIP $12.5K [ NFCU cashRewards $10k [ PIER 1 $500 [ NORDSTROM $2000 [ MATTRESS FIRM $1,200
3 years Post Ch.7






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Community Leader
Super Contributor

Re: Accounts reported post Chapter 7

The IIB accounts will fall off after 7 years from their DoFD. Hopefully that is soon for you Smiley Happy

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
740 EQ FICO 06/2018
750 TU FICO 06/2018
741 EX FICO 06/2018
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