I have a credit alert setup throught my credit union and it has been sending me alerts like crazy from all 3 CB's, with updates of my account status changing to IIB $0....but my confusion is the way that it is actually reporting, which is, Closed - Derogatory with Chapter 7 Bankruptcy reporting in the remarks section. Is this correct or should I try and dispute this? Now have about 23 accounts as derogatory
Chapter 7 Discharge: January 2015 Current Scores: FICO: EX: 659 TU: 640 EQ: 640 Virgin American Visa (AU) ($4K); NFCU CashRewards ($2.3k); NFCU nRewards ($5K); NFCU CLOC ($5K); Capital One ($1.5k); Gardening until April 2017
Reporting as IIb with $0 balance is correct and yes, everything related to a bankruptcy is a negative. Also, I'd recommend that you pull your credit reports and review the actual wording in each tradeline listed on the reports for each of the three credit bureaus. After doing that, feel free to post questions here and we may be able to help you understand what the wording means. Account alerts mean notning but "an activity occured". Tell us what the actual credit reports show.