Can IIB accounts report monthy?

[markhs777]

I've had conflicting views on whether or not former creditors that were IIB can legally report every month even tho no changes have taken place. I would imagine this reporting suppresses Fico scores. Does anyone have a definitive answer? Thx

[Scupra]

Are they just reporting IIB?

[markhs777]

There are reporting correctly and IIB but are reported on a monthy basis.

[0REDSOX7]

I don't believe anything illegal is happening here - so long as they continue to report correctly, then all is well.  The DoFD is still the same, so the date the accounts will fall off remains the same.

[markhs777]

TY for the reply. So the banks can still report and in effect continuously update the reports. Sounds puntitive but it is what it is.

[0REDSOX7]

My old AmEx accounts that were IIB still update everymonth - even though the details never change...  They still show they will be removed in 2020...

[Anonymous]

This is the topic I've been looking for. I have 2 closed accounts  both comenity bank(closed 6/13/09) that continue to post monthly with 29 straight months showing late. 

Last post 6/30/16, showing ok, so all of a sudden their saying I'm paying, lol

The problem-these accounts were IIB, chapter 13, however it does not state that on my credit report. I just mailed my disputes today with supporting docs, so hopefully this will be resolved promptly...

[mynameainttracy]

I disputed this in my CH 13 as well. I was told they could report late until we were discharged. USAA reported us late every month for 5 years. 

[Anonymous]

I was discharged in July/2014. They have been reporting my accounts late for the past 2 1/2 years, 2 of those years post discharge. 

[markhs777]

I spoke with my attorney today and he informed me no further updating or reporting after the discharge date (unless a dispute is filed and the accounts need updating)  is suppose to occur on a monthy basis but many banks and CC's will continue to do so. There is a permanent injunction after discharge and the relationship is basically severed. Sending a cease and disist letter tomorrow and will see what happens.