Re-aged account after BK

I filed BK in 1992 and included JCPenney in my case. Recently, I pulled a report and found that they had re-aged the account in 1999 by placing a "included in bk" remark on my report...it now reports as a derog and prior to that it never showed up! I was under the impression that it was illegal to report like that if that lender was included in the BK agreement.

It's illegal after you disputed it as re-aged and they didn't delete.

The idea is to get every person in the country to subscribe to monitoring services or constantly buy credit reports and then dispute.

$$$$$$$ run America!

I am going to dispute it....just not sure what to put in my validation letter...any suggestions?

Don't bother with a letter if you got online access to your Equifax & Experian and you can dispute online with one mouse click.

If you write, just say:

"JC Penney - not my account or discharged in 92, please delete"

Online disputing worked fine...it was removed in May. My next question is how to get my darn FICO score up. It is at around 560 right now. I have three TL's in good standing(two with no balance and one almost maxed out) and I opened two new tradelines this past week: UP Card and Wal-Mart. It seems that I have been stuck at the 550 - 560 score level for a long time now...I am also working on some bumpage of hard inquiries but, this is taking to long to yield any quick results...Any thoughts?

Your scores are STILL so low? Do you have colletions or delinquent accounts?

"I am also working on some bumpage of hard inquiries but, this is taking to long to yield any quick results...Any thoughts?"

You'd be MUCH better off spending your time REVIEWING your bureau and FICO reports (TU and Equifax, Experian FICO doesn't have much info.)

I'm seriously working on a fee based forum now, with the info on how to read the reports and especially the FICO scoring reasons and what to look for. Much of the info is here, somewhere, but you and just about everybody else isn't finding it because there are too many postings.

What are your score factors?

Your scores are STILL so low? Do you have colletions or delinquent accounts?

the biggest killer would be the car my ex gf stopped paying on last year...that kicked out nine 30 day lates and one 60. Then I have FNANB which has a few 30 's from 2000 and before...one 30 day on cap one that was in may of this year. Not sure how to clear up the lates on the Mazda...that is probably what is keeping my scores down so much...everything else is pretty tight...In my reckless days of youth my credit was super strong....now, I can't even finance a pack of gum.

You'd be MUCH better off spending your time REVIEWING your bureau and FICO reports (TU and Equifax, Experian FICO doesn't have much info.)

Currently, I am disputing several old accounts that show $0 but say they went to collections...it was nice to see my score rise temp while investigating

I'm seriously working on a fee based forum now, with the info on how to read the reports and especially the FICO scoring reasons and what to look for. Much of the info is here, somewhere, but you and just about everybody else isn't finding it because there are too many postings.

This is great idea but, it leaves the less liquid out...I barely have enough to keep the lights on these days.

What are your score factors?
Not sure what you mean here.

I've never seen a 560 that didn't have CURRENT delinquencies or something RATED as currently delinquent.

Score factors increase or decrease your scores, it says on your reports:

"Top Positive Factors" if you have any and you always get "Top Negative Factors."

"This is great idea but, it leaves the less liquid out...I barely have enough to keep the lights on these days."

It's just a matter of what's important to people. Answering questions here obviously doesn't pay MY lights either.

It is especially disappointing that I have at least 50 e-mails from readers thanking me for my great advice, resulting in CHECKS for permissible purpose and other violations, and NOT ONE made a donation.

Many of these people even got personal FREE e-mail advice from me. It took me over a year to finally realize that this is just how people are.

Not to mention the money readers SAVED when their credit scores improved, yet all they can think of doing is buy new cars and crap they don't need (my opinon.)

I don't know if you read the Credit Scoring Basics, the bk page, there is so much information, and it's FREE!

Why is it that people think I don't deserve to make a living?

I agree that we all need to make a living...I earn pretty good for what I do and I know there are less fortunate out there then I. My goals for specifically raising my score is to refinance my house. I have been through the "me, me, me" stage of buying crap I don't need...All that I am working on now is for the future, namely my retirement.
Believe it, there is nothing that is currently delinquent. There have been no collections since '98...I have had three deletions since May as well. All my current TL's are rock solid..that also includes my mortgages(I got a crappy 80/20arm at 8.5%/10.75%), three revolving charge cards that are all current(two paid off and one I owe $497 on), three paid off vehicle loans and the paid in full car loan with all the 30 day lates. My new car has not started reporting yet nor has the new UP card and the new Walmart card. I do have 24 inquiries on ex and eq...tu shows around 15. I think that all the lates in the past two years is what is keeping my score from jumping up....I wanted to ask you how to calculate my b/l? I didn't see the equation any where on the site.

"Believe it, there is nothing that is currently delinquent."

I'm not saying that there IS anything delinquent, but that an account is rated as if currently delinquent.

Especially with mortage and open accounts there HAS to be something wrong.

Here's the B/L ratio: http://creditforum.org/showthread.php?s=&threadid=1775

Interesting. Before I added the new Union Plus Card I just was approved for ($1000 limit) my b/l is very near 50%...probably because of the Cap One limit being $500 and I have $497 on it. :-( I did the smart thing and transferred that balance to the UP card(less interest too 9.9 vs 23.9). Once that starts reporting (if it reports correctly) my b/l will go down to 25%. I am guessing that is more accecptable or is there a "magic" percentage? This is just for revolving accounts. Do I need to include everything?

I replied in the B/L Ratio thread (http://creditforum.org/showthread.php?s=&threadid=1775)

Hi Everyone,

I'm a little new at this and have been trying to read as many threads as I can.

I promise I'll stay focused about my credit situation.

My sorry story begins with a Chapter 7 and then a Chapter 13 for the arrears of mt mortgage.

I have re-aged accounts and I will also fight them on this. I felt that the proof was a copy of the old credit report and a new one which shows the incorrect entry changing, which means it should have been deleted..... I guess now they can change it.... ????

OK.... but here my question...

My mortgage company is reporting a past due balance, which changes ( I think its gone down since their last reporting, which only happens every time I ask for an investigation (Verify))

My past due balance was re-orged in my Chap 13 (That's why I did it)
I don't think they can do this...

Any thoughts...

Hi everyone, first time so don't be so hard on me. StayFocused.? you need to have a copy of your consumer report and call the number on the front and follow the message. it takes a minute or 2 but you will get to talk to a human. once you do be blunt and tell them the facts and make sure they explain exactly why they re-aged it and exactly how they verified it. and go from there. and the reason for the low score is the high balance.. because its over 30%. and the inquiries. actually I need to see your report to tell you much better.

A past due balance and re-aged accounts have little or nothing to do with the B/L ratio.

Apparently the past due balance was already verified, so the next step should be a strong letter to the mortgage company or the complaint filed with the court.

There is NOTHING worse than past due balances!

I had a discharged Chap 7 in '99 but experian is showing it as chap 13. Does it make a difference? Do I ask for validation or do I just tell them that it was a chap 7 and not 13? I read it here somewhere not to send in the bankruptcy papers. Please advise.
Thanks.

It probably doesn't matter. But if you're serious about improving your credit, you really need to subscribe to http://creditfactors.com/

Today I reviewed a 726 FICO report exactly 24 months after discharge. That's inspiring.

Had extensive history, which certainly helped, but most important, all discharged accounts are correctly reported (correct dates and 0 balances and closed) and the B/L ratio was only 1%.

Also had someone get a deletion of a charge-off, and the scores went down almost 20 points.

Consider carefully what you dispute.

Thanks for replying so quickly.
I just got me a copy of my experian credit report through lendingtree.com. I haven't really paid any attention to my credit after I filed for chap 7. I am just surprised by what's on it. It did have the 11 credit cards that I filed under the BK but man!!....it's showing about 4 accounts that are current right now and one of them has a 120 day tag on it. I don't even remember opening any of those accounts. Like I said, I didn't really applied for anything after the BK. There was even one account there stating that it was opened in Jan of 1994....I wasn't even here in this country yet at that time. At first, I was thinking it was my brother's since our names are exactly spelled alike except that my name has an extra letter in front of his.....but then again, we both came here (U.S.A.) at the same time.
I am currently waiting for my report to arrive through mail since I couldn't obtain a report through the experian website and I need the report number before I can dispute it.
Also, most of the credit accounts that were discharged under my chap 7 are showing as charged off. I'm thinking to just let 'em be since their back in '99. I don't think it'll make a difference if it didn't have the CO that it will affect my score.
P.S. The report even says that I worked for the USPS!!! I don't think so!!

"If you're serious about improving your credit, you really need to subscribe to http://creditfactors.com/ "