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BK7 and Collections

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cynicaldragon83
New Contributor

BK7 and Collections

Hi all. Kinda new here.

 

I recently filed BK7 on 6/10. After I filed, I signed up for almost every free credit monitoring site I can. Credit Karma gives the FAKOs for EQ and TU, while the only free FICO I can get right now is from Experian.

 

As I've been following the case on PACER, I know that the court has sent notice. As such, I've been getting alerts fom CK, Experian, etc. The BK filing was reported, and the balances on the revolving card accounts included in the BK went to $0 as expected. However, several collection accounts (mainly from Midland and Portfolio Recovery) have been removed. Of course, my scores bumped up quite a bit even with the BK reporting.

 

I guess my question is...will the collection accounts show up on my credit reports again once the BK7 is discharged? My 341 meeting is in a couple of weeks.

 

Thanks in advance and looking forward to learning new things here.

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SUPERSQUID
Valued Contributor

Re: BK7 and Collections

After your discharge all of your previous collections/debts should show zero balance and included in bankruptcy on your reports.

If a former creditor or collection agency of a debt before the bk dc attempts to collect then simply send them your bk info and date of dc, that should squash it

{ BK7 DC 12/2019 } target 1600/ kohls Visa 7000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 3000 /first savings bank cc 3000/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 40k
Total utilization around 20 pct depending on my current usage/needs
Ficos in the 680 - 690 range, the 9's slightly higher than the 8's
My vantage scores 708 - 711
TCL - about 110k
Retired since 2017
Message 2 of 3
TRC_WA
Senior Contributor

Re: BK7 and Collections


@cynicaldragon83 wrote:

 

I guess my question is...will the collection accounts show up on my credit reports again once the BK7 is discharged? My 341 meeting is in a couple of weeks.

 

 


Yes... with a $0 balance showing IIB.

FICO8 current as of : ----- EQ: --- TU: --- EX: ---
Hard INQs last 12 months: EQ: 5 | TU: 7 | EX: 9
Verizon Visa $6500 Amex Delta Platinum $10,000 Care Credit $12,000
NFCU CashRewards $6000 Apple Card $2000 Best Buy $3500 Amazon $5000
NFCU auto loan (2022 Ford Bronco Sport Badlands - Cactus Gray) $44k new - balance $31k/6.94%
Total CL: $45,000 --- Total CC UTI: --% --- AAoA: 5.5 years --- Income: $200k
Last app: 11-30-23
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