Are they reporting correctly?

[ScoreBooster]

I got my BK CH7 discharge and I'm currently cleaning up my report. Can a creditor report an account like that?

Status as of Date opened [?] Date of last activity [?] Date closed [?] Account number [?] Loan type [?] Largest past balance [?] Account Type [?] Account holder [?] Industry

Jul, 2007

Nov, 2005

Oct, 2006

Jul, 2007

XXXXXXXXXX

Second Mortgage

$72,198

Mortgage Account

Individual Account

Banks

Descriptions [?]

• Transferred to another lender

Balance [?]Current Status [?]

$0	120 days past due

Seven year payment history [?] 30 days late 60 days late 90+ days late

1 time(Dec 2006)

1 time(Feb 2007)

4 times(Jun 2007, May 2007, Apr 2007, Mar 2007)

Worst Delinquency [?]

120 days past due

I'm wondering how the can correctly report a $0 balance on an account IIB AND list the CURRENT STATUS as 120 days past due?!

[RobertEG]

Credit reporting has two facets.

One is prior payment hstory in the path of the debt.

Two is how the debt was paid, settled, or discharged.

An overriding principal of credit scioring is that what you do, or dont do, in repayment or settement of a dedt under facet two has nothihng to do with prior reporting of the debt deliquncy under facet one.

BK only affects your future obligation to pay the debt, and only requires a discharged creditor to then report a $0 debt now owec,  It does not discharge any ot their prior credit reporitg prior to the BK.