Credit Cards Point » bankruptcy

? After 10 yrs on CR [hypothetically] [bankruptcy]

admin — Thu, 06 Oct 2011 05:50:00 +0000

I have a question. After the 10 years that the bankruptcy can legally stay on your credit report…..hypothetically, if all is well with the world, and you have gotten all IIB's removed from your report, and the bankruptcy is also gone….. If you are filling out any application, and it asks if you have ever filed bankruptcy, how would you answer? Do you have to answer yes if you have achieved time served and all is gone from your credit report? Just wondering, this question was asked at the closing of our mortgage, and I wondered if we would ever be out from under the BK thumb?

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Reply:If the question is- have you EVER filed bk, then I would answer yes
if its have you filed in the past 10 years, I'd answer no
Brandy

Reply:If it asks "EVER" you better check yes. Not doing so can be considered fraud. There are ways to find A BK that does not include credit reports.

Reply:
Chase credit card apps ask "is your credit report clear of bankruptcy. The answer would be YES.
Mortgage apps ask "have you filed BK in the last seven years. Again, no BK according to the question being asked.

Reply:Lenders and employer can pull a full factual credit report on you and see anything that has ever been on your credit report ever.
That includes items you disputed off or items that fell off with the passage of their required reporting times.
Besides, it is too easy these days to find out if someone has EVER filed BK to not answer that question honestly.

credit reporting-Macys [tradeline] [bankruptcy]

admin — Thu, 21 Jul 2011 00:30:00 +0000

Transunion is reporting "charge off" under the account status and under the remarks " included in bankruptcy". This is a Macys tradeline and the bankruptcy was discharged in 10/03. I called Transunion after a dispute and they said call Macys so I did. Macys still had me in their records and told me this is the correct way to report. They said it went into charge off in 09/03. Are they reporting correctly? Does this hurt the credit raiting even worse?

Best Answer: you can absolutely dispute discrepancies on your credit report. you need to file a fraud report on their website. you cannot get compensation for someone committing fraud, it just doesn't happen. fight to get it removed and move on with your life. once it's removed, then apply for your mortgage.

Reply:Welcome to CreditBoards! Come on in and make yourself at home. You're in a mansion of information! It's a big, big place and we're here to help you find your way around.

Some helpful tips:

Your post may not get a reply right away. Don't be discouraged, this is a very busy board. If it falls off of the first page, feel free to reply to your post yourself, with the word *bump* in the text. This will *bump* your post back up to the top of the board.

If you haven't yet, take a peek at at theNewbies Section. Everything that you need to know is in that forum, for the most part! It's a lot of reading, we know, but this credit stuff can have a steep learning curve. In no time, you'll be posting like the pros!

Please read the stickies that are pinned in the top of this forum. You will find general reference information pertaining to the forum, as well as important announcements from the CB owners.

For reference purposes, we have a Database Forum where you can find various caselaw, state law information, letter templates, and general reference material. This information can be very helpful when it comes research that pertains to consumer protection.

If you find that someone is discourteous to you, use the REPORT button at the bottom of every post – that will ensure that a moderator or admin looks at the post and decides if it is against the TOS.

Off -topic posts should go in the General Forum.

The Search function can also be a wonderful resource to find more specific topics. The archives cover alot of material and often times, you may find additional information pertaining to your questions.

If you are having difficulty finding something, navigating, or have any other questions, please feel free ask for help. That's what we're here for!!

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Reply:
charge offs can have a + score increase due to "account history LENGTH" by removing it may actually drop your score. a cleaner report is more important that score becasue it eventually goes up.
if it WAS charged off but now states included in BK, that is how it should show. Dispute it. it might dissapear. take some time to look around, we welcome questions but look through the stickies and faq's to get answers to smaller questions (not that yours is small!)
good luck!

Deleting Equifax Bankruptcy [nine years] [bankruptcy]

admin — Mon, 13 Jun 2011 07:30:00 +0000

Equifax has been reporting a bankruptcy on my credit for over nine years. Does anyone have any techniques I could use to get them deleted? It is reporting as dismissed.
Thanks

Reply:How have you previously disputed it?
How is it reporting?

Reply:Have you tried disputing it as obsolete? That is usually the one that works for stuff like that (at least for me, that is.)

Reply:Disputing it as obsolete might work. It's almost time for it to drop off anyway.
Is there anything else about the way it is reporting that is incorrect? The court docket #, name of the court, dates, anything that is not reporting correctly can be disputed.