caralyanne
I filed bankruptcy and my Bankruptcy Discharge Order became effective in Apr 2000.
I filed the bankruptcy so as to allow consolidation of 13 student loans that defaulted while I was overseas (university failed to file waiver pymts for second semester) - all PERFECT status now, and, ironically, only had, one (1) account to discharge in the bankruptcy, a car vehicle, that I had traded in for another vehicle prior to filing, the car dealer did not apply the correct full pay-off to them so they had repossessed 'from' the car dealer's lot.
Unbelieveable situation, esp as I had never been late in pymts and had prior to and since, paid off over newer three vehicles in full and ahead of term!
The SITUATION, now! The credit union, of course, was included in the discharge (they never even challenged). My problem is that, for the last three years, the credit union's credit reporting agent "refuses" to update my account status to reflect $0 balance and account closed.
I have insisted, in formal credit bureau dispute processes, that he of course has the right to remark, "Discharged in Bankruptcy" and High Balance, but that he, per Bankruptcy Law, MUST update the account to be closed and $0 balance.
In checking my latest Trans Union report, he just updated the report to reflect even WORSE, inaccurate info as: Account- "Open", Current Balance- $8,000 and Remarks as "Repossession" and with a Date Reported as : 02/2003!
He is stating that he is allowed to report this bad debt this way and that he does not have to change it's account status, balance amount or remarks.
I am, literally, STUNNED... does anyone, off-hand, know the Bankruptcy Law, Fair Credit Reporting Act or Supreme Court citations I need to send him (or the credit bureau) showing him, by Bankruptcy Law 101, he HAS to do this?
I also read somewhere that if they violate this, there is a $1,000 fine each time they refuse to comply... boy, that might make him comply (and me and a good lawyer happy? (-:)
I am being refused credit on a new home (for the last month) because of this (and have told him and the credit bureau this).
The credit bureau claims, laws or not, they only update based on what creditor responds with and nothing else...? Sorry for so lengthy, but I am so stunned and need some direction here, I'm literally spinning!
I filed the bankruptcy so as to allow consolidation of 13 student loans that defaulted while I was overseas (university failed to file waiver pymts for second semester) - all PERFECT status now, and, ironically, only had, one (1) account to discharge in the bankruptcy, a car vehicle, that I had traded in for another vehicle prior to filing, the car dealer did not apply the correct full pay-off to them so they had repossessed 'from' the car dealer's lot.
Unbelieveable situation, esp as I had never been late in pymts and had prior to and since, paid off over newer three vehicles in full and ahead of term!
The SITUATION, now! The credit union, of course, was included in the discharge (they never even challenged). My problem is that, for the last three years, the credit union's credit reporting agent "refuses" to update my account status to reflect $0 balance and account closed.
I have insisted, in formal credit bureau dispute processes, that he of course has the right to remark, "Discharged in Bankruptcy" and High Balance, but that he, per Bankruptcy Law, MUST update the account to be closed and $0 balance.
In checking my latest Trans Union report, he just updated the report to reflect even WORSE, inaccurate info as: Account- "Open", Current Balance- $8,000 and Remarks as "Repossession" and with a Date Reported as : 02/2003!
He is stating that he is allowed to report this bad debt this way and that he does not have to change it's account status, balance amount or remarks.
I am, literally, STUNNED... does anyone, off-hand, know the Bankruptcy Law, Fair Credit Reporting Act or Supreme Court citations I need to send him (or the credit bureau) showing him, by Bankruptcy Law 101, he HAS to do this?
I also read somewhere that if they violate this, there is a $1,000 fine each time they refuse to comply... boy, that might make him comply (and me and a good lawyer happy? (-:)
I am being refused credit on a new home (for the last month) because of this (and have told him and the credit bureau this).
The credit bureau claims, laws or not, they only update based on what creditor responds with and nothing else...? Sorry for so lengthy, but I am so stunned and need some direction here, I'm literally spinning!