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Dang it, Experian!

DogwoodLynx
Frequent Contributor

Dang it, Experian!

I got two alerts for updates on my Experian report. In the Public Records section, it shows my BK7, however, when I look at the individual accounts on my report, they all say "Charge-Off/Other Derog" starting the month that I filed (September 2022). 

 

I'll have to see how it all shakes out when I discharge December 19th, but it looks like I'll be writing them a letter for correction.

 

TransUnion and Equifax are correct. 

Siggy updated Feb 16 2023
Chapter 7 BK discharge: 12/19/22
Inquiries: 6/6mo 7/12mo 7/24mo – Latest inquiry: NFCU - Approved 01/23
Financial Goals: Continue to build by wellness business (currently a DBA), heal my credit report with time and good payment history
“You’re never gonna make the shots you don’t take, so you might as well fire away!” – Little Big Town (music group)

Message 1 of 5
4 REPLIES 4
sccredit
Valued Contributor

Re: Dang it, Experian!

Be patient, that is the best advice I can give right now. My reports jumped all over the place. By the time I was discharged things settled down and I only had to dispute two accounts, Citi and NFCU. NFCU actually took a CFPB complaint.

Ch 7 Discharge 3/12/2018
Cap One VentureX $31,000, CapOne Savor $5,800, Kohls $3,000, Comenity MC $4,900, CareCredit $20,000

Orange County's Credit Union Auto Loan 3.29%
Message 2 of 5
FireMedic1
Community Leader
Super Contributor

Re: Dang it, Experian!

Do EQ/TU show IIB and $0 balance? If so, in time EX will say the same. Whatever the account was before filing stays the same.  When a bankruptcy court discharges a case, a creditor whose debt has been effectively canceled is required to charge off that debt, regardless of the delinquency status. The history of delinquencies can be reported, but the balance must be zero.




Homeowner since Sept 2020. 2021 Explorer ST Chase 3.1%. Sharing my experiences after BK from learning here. Started 540's.
Message 3 of 5
SUPERSQUID
Valued Contributor

Re: Dang it, Experian!

I wouldnt be concerned about what reports say during the bk process, in fact i personally didnt pay attention until months after discharge. I would say if your discharge is in december all the dust should settle by february.  After feb your previous credit accts should all say bankruptcy and worded as previously mentioned upthread.

 

{ BK7 DC 12/2019 } target 1300/ kohls 3000/ discover IT cb 6500 / 2nd discover IT cb 6000/mercury 4100 / firestone 2800 /legacy 2500 /first savings bank cc 2500/ cap1 QS 5000/ cap 1 savor one 3100 /comenity rewards mc 3k, Penfed PCR signature visa 10k/ penfed gold 7.5k NFCU >signature visa cash rewards 15700/bread cashback amex 8000

>/ nfcu platinum 9k, 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 39k
Total utilization 11 - 14 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 87k
Retired since 2017
Message 4 of 5
DogwoodLynx
Frequent Contributor

Re: Dang it, Experian!


@FireMedic1 wrote:

Do EQ/TU show IIB and $0 balance? If so, in time EX will say the same. Whatever the account was before filing stays the same.  When a bankruptcy court discharges a case, a creditor whose debt has been effectively canceled is required to charge off that debt, regardless of the delinquency status. The history of delinquencies can be reported, but the balance must be zero.


Yes they do and thanks!

Siggy updated Feb 16 2023
Chapter 7 BK discharge: 12/19/22
Inquiries: 6/6mo 7/12mo 7/24mo – Latest inquiry: NFCU - Approved 01/23
Financial Goals: Continue to build by wellness business (currently a DBA), heal my credit report with time and good payment history
“You’re never gonna make the shots you don’t take, so you might as well fire away!” – Little Big Town (music group)

Message 5 of 5
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