Disputing CC with CRA.......

[RobertEG]

Have you considered filing a direct dispute with the creditor rather than even involving the CRA in the disptue process?

[notw1031]

I was disputing some accounts that still had balances owed and past due which should have been IIB. But now the dispute results came back on EQ and EXP and they updated them to Charge Off- closed with the new updated date of 4/2011 even though I did Chapter 7 BK 4/2008 and included them and they had stopped reporting it as of 1/2008 but still showed money owed and balance and payment due. But I take it that since they Charged it off before I initiated the BK  that they can put "meets FCRA" and now has a 0 balance and nothing past due.

So now will this hurt my credit worse now that they updated and it has that status? I am regretting doing the dispute as it last reported 1/2008 and now its reporting closed Charge off 1/2008-4/2011 consumer disputed meets FCRA and KD for the past 3 years which wasn't there before...... Can anyone shed some light on this?

[AndySoCal]

I presume this was a chapter 7 BK. If so, any account that has been discharged in the BK you do not owe the charge off status makes appear that you owe the money and you do not. Give the bureaus the list of accounts that were included in the BK that were discharged. That should be enough to have them change it.  If there are any delinqency dates after the BK  they shoud be removed as well.

[RobertEG]

The prior reporting of a charge-off does not relate to the ultimate status of payment of the debt. The CO happended, and resulting changes in payment status thereafter dont alter that fact.

It can remain in the consumer's credit report.  The update of the OC account balance to $0 indicates that the debt that was the subject of the CO has been paid.

I see no basis for a disptue based on inaccurate reporting if the OC account now shows a $0 balance.

[AndySoCal]

RobertEG,

Any account that is has been discharged in a BK 7 cannot be reported as a charge off. The charge off says the consumer that consumer still owes debt. The BK7 discharged that debtr the consumer no longer owes debt. The creditor wrote debt off due the discharge of the BK7 this should not be reported to bureaus.