How Should IIB Accounts Appear if ch13 BK not discharged? [bad debt] [bk]

admin — Wed, 31 Aug 2011 11:30:00 +0000

Sorry if the answer to this question was somewhere else on the boards, but I didn't see it.
I'm halfway through a ch13 bankruptcy plan … filed at the end of 2004. It's not yet "discharged" until I make all the payments (of course.)
I have several accounts showing as "bad debt" or "charge off" instead of IIB. And they ALL show balances as if I never filed a ch13.
One account claims they made this a CO in Sept 2004, which was the same month I filed ch13. The other accounts may have been late, but they weren't CO'd at the time of the filing.
Is that the way my accounts should be noted until I get the "discharge" when the plan is completed?
Or should they show IIB as of right now, with no balance?

Reply:
I had mine changed about 1-2 years into my plan. Have them change it now and once you're DC, the scores will probably be higher.
I started credit repair year 2 of my BK13. I am awaiting DC after 4 years of being in a plan and my scores are in the high 600s. Filing BK13 tanked my scores to low 400s.

Reply:
Thanks for replying. I assume when you say "have them change it" you're referring to the OCs? I have tried a couple, but they seem reluctant to change balance or status until the ch13 is discharged. May I ask how you succeeded in getting them changed? Thanks!
No, I wrote CRAs using letters similar to what's in here (INDEX & STARTING POINT) telling CRAs to either correct or delete TLs – yuou have 30 days…….. Some took 2 -3 tries, but eventually I got deletes on most. Persistence is key.
I wrote the CRA's regarding CO's and late pays on IIB accounts (EX is the worse!). It took almost a year for some to finally update, however, almost all have been either deleted or IIB'ed. I wrote CRAs once or twice a year and waited. Some items fell off on their own. Complain about one account and sometimes the CRAs throw in feebies. Recently, an older – mortage TL got switched to a + when I was trying to update/repair a vehicle IIB account.
I only have 5 IIBs per CR now, but I orginally had more like 10. Using CB methods, I have been able to get Gateway, Citibank, Sears, JC Penney all deleted from my reports.

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How Should IIB Accounts Appear if ch13 BK not discharged? [bad debt] [bk]