Okay, here's what one of my credit bureaus report: (This is 4 months after my Ch. 7 bankrutpcy which IS noted on my credit report)): "CIT FINANCIAL #xxxxxxxx
8000 SAGEMORE DR etc...
Balance: $12,291
Date Updated: 10/2007
High Balance: $25,000
Past Due: >$2,073
Terms: $518 for 61 months
Pay Status: >Charged Off as Bad Debt Account
Type: Installment Account
Responsibility: Individual Account
Date Opened: 05/2004
Date Closed: 10/2007
Loan Type: Unsecured
Remark: >Profit and loss writeoff Estimated date that this item will be removed:
06/2014"
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Okay, so first of all can it show "Charged Off" after my BK 7 discharge?
And can they legally report a balance if it was included in BK7, which it was?
Since the last item says "Estimated date that this item will be removed: 06/2014", it is clear they are acknowleging my Discharge,It is my understanding that ALL they should be permitted to report is "0 balance", "Included in Ch. 7 Bankruptcy". No?
Then this one, for example:
Credit Union #xxxxxxxxxxxx
address
phone #
Balance: $6,346
Date Updated: 03/2008
High Balance: $7,000
Credit Limit: $7,500
Past Due: $0
Pay Status: Paid or Paying as Agreed
Account Type: Revolving
Account Responsibility: Individual Account
Date Opened: 12/2002
Date Closed: 11/2007 "
This makes no sense at all. First it says there is a $6346 balance whereas it should say 0 because it was included in Ch. 7.
Next it says Updated 3/2008 but I filed in 11/07 and was discharged in 3/08 so how could they still update with a balance due?
And what about 4-5-6/08? Why is it updated only BEFORE my discharge, not after?
Then it says "Paid or paying as agreed".
This may be good, BUT if I leave it as is it shows I have a line of credit of $7500 and owing $6346 which I do not have, so that will prevent me from getting more credit which I want to establish for emergency use, renting a car in a foreign land, etc..
So exactly how do I dispute these? Just "Included in Ch. 7 bankruptcy"? Nothing more? (The credit report does show my bankruptcy, so showing that, I don't understand why they would show these open /owed accounts - it's illogical AND as I understand it, illegal, no? I mean, if the discharge was in March 08 how can it show a balance on a loan that was closed in 11/07?)
