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Confused with creditor reporting

timetogetitright
Valued Member

Confused with creditor reporting

I'm a little confused by 2 of my creditors on my credit report. Last week each company updated my credit report to a $0 balance and included in bankruptcy. Today I received an alert that the collection acount was added back to my file and the other one reported the origional balance. Any ideas why they would do this? I know I wont be discharged until August but just confused on why they reported it correctly and then changed it.

Pre Bankruptcy #s before filing low 500's (filed 5/5/2017)
Message 1 of 7
6 REPLIES 6
medicgrrl
Valued Contributor

Re: Confused with creditor reporting

Don't worry about it until after discharge. Technically you still have a balance until the debt is discharged thru the bankruptcy.


EQ 778 EXP 782 TU 729
Message 2 of 7
Scupra
Super Contributor

Re: Confused with creditor reporting

Can I ask where you are getting your notifications from? I only ask because CK gave/gives me some odd updates sometimes.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
755 EQ FICO 12/2019
750 TU FICO 12/2019
743 EX FICO 12/2019
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Message 3 of 7
timetogetitright
Valued Member

Re: Confused with creditor reporting

They actually came from credit karma but I am also a fico subscriber so I'm curious to see if they will update with the same notice. According to CK credit report it was $0

 and included in bankruptcy but today it shows it was added back. LOl I'm all kinda confused. Just a waiting game til August I guess. 

Pre Bankruptcy #s before filing low 500's (filed 5/5/2017)
Message 4 of 7
Scupra
Super Contributor

Re: Confused with creditor reporting


@timetogetitright wrote:

They actually came from credit karma but I am also a fico subscriber so I'm curious to see if they will update with the same notice. According to CK credit report it was $0

 and included in bankruptcy but today it shows it was added back. LOl I'm all kinda confused. Just a waiting game til August I guess. 


Every couple of months CK tells me a couple accounts have been removed and that I also have newly reported accounts Smiley Very Happy Wait until discharge, I'm sure it will clear up.

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
755 EQ FICO 12/2019
750 TU FICO 12/2019
743 EX FICO 12/2019
$29k NFCU Platinum | $30k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold
Message 5 of 7
timetogetitright
Valued Member

Re: Confused with creditor reporting

thanks so much for the insight to CK and their reporting. I thought it was just their credit scores that couldn't be trusted Smiley Happy

Pre Bankruptcy #s before filing low 500's (filed 5/5/2017)
Message 6 of 7
Scupra
Super Contributor

Re: Confused with creditor reporting


@timetogetitright wrote:

thanks so much for the insight to CK and their reporting. I thought it was just their credit scores that couldn't be trusted Smiley Happy


Absolutely! It's a great tool if you understand it's iffy haha

Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
755 EQ FICO 12/2019
750 TU FICO 12/2019
743 EX FICO 12/2019
$29k NFCU Platinum | $30k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold
Message 7 of 7
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