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FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

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Valued Member

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

its showing the letter N on my reports in March 2018, which is triggering on My fico section to 7 late/degorotory indicators for 30 days and 60 days .  The reports are correct. Its the way My fico is reporting. Which is triggering my payment history to 71% which is bringin my score down lol.  So when you call my fico, they see it and say that is just the way it is.  So i asked them if I would have stopped making payments what would have happen , and the guy at my fico said  then instead of 7 ( number accts i included in bankruptcy ) that number would be higher and my pament history would be lower lol and i probably would have never notice it , except I made all payments up to the date I filed.  So to find out if this is the case if you have a copy of your credit report count your lates and see if they match my fico ( if you have it ) lol.  I appreciate they help

Discharge 06/15/2018
EQ-598
TU579
EXP-579

NOW : EQ- 671, TU 653, EXP 669
Message 11 of 13
Moderator

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

myFico does not report anything all it does is take info from the CRAs and crunch a number. It may have its own interpretations of info onfile at a CRA and display it as such but its not the one reporting any of the information.
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Message 12 of 13
New Member

Re: FICO REPORTING LATE PAYMENTS AFTER BANKRUPTCY DISCHARGE

I am reading and this thinking “story of my life!” I filed BK in December 2016. I made all payments with NO late or missed payments. All 3 bureaus are showing that the 5 accounts included in the BK are “included in chapter 7 bankruptcy/never late”. But in the 24 month payment history, they ALL have a negative indicator in December 2016. I disputed these all 2-3 times now with each bureau. One lender actually was nice enough to call me. They said they have been doing this for 15 years and they aren’t sure why it shows as a late payment. They say that the software forces them to put a date in or they get an error when submitting the updated credit file. They said the date is usually a month/year and sometimes specific date is allowed. They said that they used the date they received notification the account was declared in bankruptcy status. They further explained this date is required so that in 7 or 10 years that negative action can purge out. This then causes a negative result on a score because of a public record as bankruptcy and then the person is double slammed because it’s showing as a negative on every single account included. The lender tried and tried to correct this and said they can’t figure it out. My vantage credit karma, and many other vantage score self-monitoring for experian, equifax and TU are all showing 5 recent missed payments. (1 in Dec 2016 for each account) My FICO is showing 6. I have to find this new 6th account. So far, I cannot get anyone to fix this. FICO actually showed 6 30+ and 6 60+! That’s insane. It’s killing my score Smiley Sad
Message 13 of 13
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