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10+ late payments being reported??? ......How to start to rebuild or fight the lates

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10+ late payments being reported??? ......How to start to rebuild or fight the lates

So I filed for bankruptcy alone and my spouse had some credit cards that were discharged with my bankruptcy so they were included as a "phantom discharge" even though my spouse didn't file. All the cards were paid on time at the time of filing but obviously since the filing no payments have been made to the cards and the accounts have been closed and charged off. The credit bureaus are reporting late payments from the month after filing until now ( almost 12 months) so there are 6 tradelines that show 3-6 "late payments" before being charged off, and some are still reporting lates past 120 days without showing as "charged off" yet. So now my spouses scores are 520, 540 and 580 from the Fico 8 score model. 

 

My question is are late payments allowed to be reported for so long past 120+ days?

 

This debt itself is discharged but the person's who owns the tradeline wasn't the actual bankruptcy filer, can they fight any of these lates per the FCRA?

 

Have you ever heard of credit card companies negotiating removal of lates for partial payments of the debts after already being charged off?

 

The age of credit history is already low(3 years) would adding tradelines to increase the credit utilization ratio just hurt the credit score even more?

Message 1 of 4
3 REPLIES 3
Senior Contributor

Re: 10+ late payments being reported??? ......How to start to rebuild or fight the lates

For now. Here's a pretty good read. Especially if any of the debts had your spouses name on the accounts.

"When your spouse files for bankruptcy protection from his creditors they will no longer be legally allowed to attempt to collect the debt…from him."

https://blog.mint.com/credit/what-happens-to-my-debt-if-my-spouse-files-for-bankruptcy-0413/ 





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 2 of 4
Valued Contributor

Re: 10+ late payments being reported??? ......How to start to rebuild or fight the lates

I don't think your bk discharges him from debt in his name (it just discharges the debt for you). Who ever told you that this "phantom discharge" means he no longer owed was wrong.
Scores hover around 800
Haven't been AZEO in over a year
Rome was not built in a day, neither is a good credit profile
Message 3 of 4
Moderator

Re: 10+ late payments being reported??? ......How to start to rebuild or fight the lates

If you are just an AU on these cards dispute them this way "I am only an AU, nt responsible for repayment of the debt, delete these from my credit file"... If you were joint then they must show as IIB for you and all further lates cease in the month the BK was filed.

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