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Repossession Account Included In Ch7, but

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Established Contributor

Repossession Account Included In Ch7, but

it's reported as a repossession w/o a balance.
 
I would think a REPO is much worse than IIB/Ch 7/0 balance.
 
Should I send a copy of discharge order to OC or CRA to fix this?  Only want to fix it if it's going to help increase my score.
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Moderator Emeritus

Re: Repossession Account Included In Ch7, but



adamseve wrote:
it's reported as a repossession w/o a balance.
 
I would think a REPO is much worse than IIB/Ch 7/0 balance.
 
Should I send a copy of discharge order to OC or CRA to fix this?  Only want to fix it if it's going to help increase my score.



Was it a repo that you included the remaining balance on in BK?
 
I am not sure that one is any better or worse than another, but I do not have experience with these.
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Message 2 of 3
New Contributor

Re: Repossession Account Included In Ch7, but

Just dispute with the CRA that it was included in BK.  If the creditor got notice that it was included in the BK, then they would have to correct it.
 
Yes, it will look better on your credit report.  May not have an affect on your scores.  But they should report a zero balance, and included in bk. 
 
(I had two of them.  I disputed them.  got them updated to include in BK with zero balance.  Then I kept disputing them.  They were deleted from CR.)
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