1. I pulled one free credit report for myself and my husband, out of curiousity for our scores and what was on there. Most accounts are already labeled as IIB, but a couple say charged off. Once we get our discharge (supposed to be around Feb 15th), should those change to IIB and should I dispute it if it doesn't? I'm not sure what teh difference is between Charged Off and IIB - If the account was charged off prior to you filing, then that reporting title is correct. After discharge, there is a chance it "might" update to IIB, but, if it doesn't, there may not be much you can do.
2. All of our student loans have the status "Pays as agreed" except one of mine, which says IIB. Should I address that now with the student loan lender or just wait and see what happens after the discharge. I'm not sure why it says that. (it's through acs, the lender is us bank) - This is normal. Some lenders will update the status to IIB while your case is processing. I had a loan with ACS and it did. Your account should also be in foreberence with no payment required (though you can make them manally). If you did not make any payments, your interest during the BK period will capitialize and be added to your loan balance. Once you are discharged, your loan will revert back to normal. Check this daily - because mine switched back without any notice and I was almost 30 days late as a result. Cannot stress this enough.
3. My husbands equifax score was 614 and my transunion score was 579 (I'm guessing it's lower since my student loan status?). Should we continue to see a drop after teh discharge or is this as bad as it will get? - This is hard to answer as it depends on your credit profile prior to BK. For me, once the BK hit my report, my score dropped like a lead balloon. Once all the accounts updated to IIB, my scores post discharge were actually higher than when I filed. Again, hard to say, but, I would say you should see some improvement from here on out.
4. I see everybody posting their scores - do you use a subscription to watch your scores and what do you go through? I'd like to be extra vigilant, especially over the next few months and make sure everything is reporting correctly. - myFICO offers several credit report subscriptions for you to monitor your report (or reports) and get your various credit scores. Many of us suggest getting a card to rebuilt with post discharge, and using it to pay for the myFICO subscription and nothing else. It's a small charge and you build payment history
Good luck rebuiling!
BK Discharge 2/11/14
Currently in the garden.
