I filed chapter 7 in April 2017. All of my accounts that were IIB as dropped off all 3 reports besides a Fingerhut account (this account was paid before bankruptcy but Fingerhut refuses to update the status correctly). I just checked my Equifax report and I noticed a closed Credit One account with a balance that I opened after discharge is now showing as IIB. I don't understand how this happened after 4 years.
I have been making payments on balance monthly. At this point, I don't know if it will be wise for me to dispute it since the balance is no longer included in my total balance due, my overall ulitization has improved, and the 2 late payments from last year are gone but I don't want this to affect me in a negative way in the future. I need advice on whether or not I should dispute it?
Also, if I don't dispute it will this account stay on my report until 2024 since I filed in 2017?
@kiea wrote:I filed chapter 7 in April 2017. All of my accounts that were IIB as dropped off all 3 reports besides a Fingerhut account (this account was paid before bankruptcy but Fingerhut refuses to update the status correctly). I just checked my Equifax report and I noticed a closed Credit One account with a balance that I opened after discharge is now showing as IIB. I don't understand how this happened after 4 years.
I have been making payments on balance monthly. At this point, I don't know if it will be wise for me to dispute it since the balance is no longer included in my total balance due, my overall ulitization has improved, and the 2 late payments from last year are gone but I don't want this to affect me in a negative way in the future. I need advice on whether or not I should dispute it?
Also, if I don't dispute it will this account stay on my report until 2024 since I filed in 2017?
Just to be clear, did you open the CreditOne account before or after you filed your bankruptcy?
The account was opened after I filed/ discharge
@kiea wrote:The account was opened after I filed/ discharge
Then I believe you need to dispute this directly with CreditOne.
Okay, I will try that thanks
Credit One closed the account because of a return payment. I have been making monthly payments to pay off the balance ever since it closed
The account will stay on your reports as any other account thats closed for 10 yrs BK or not. Please be careful in the future. You dont want any boo boos after BK. This is when you need to prove yourself again. Doesnt change things really with IIB. If it has IIB listed. In a way it looks better than closed by creditor.
Thanks, I decided that I'm going to leave it alone. My ulitization went down by 15% so it actually benefited me. Hopefully, the balance won't update correctly next month. If it does my score may decrease.
@kiea wrote:Thanks, I decided that I'm going to leave it alone. My ulitization went down by 15% so it actually benefited me. Hopefully, the balance won't update correctly next month. If it does my score may decrease.
👍