I declared bankruptcy in 1998.
Yesterday I find on my credit report that sevn creditors who were discharged are still showing me as in arrears to them.
How can these credit scorers and old creditors get away with this.
I have never heard one peep from any of them so they dont think I owe them money, yet experian still says i have accounts with very long delequencies. The car company wants to offer me a car loan for 9%. I have not been late on one payment on my old car OR new house. Almost 5 years without one black mark on my record and I have to deal with cemons that were legally exorcised in the last century.
One look at my report and any one with a 75 I.Q. could tell that the reporting agencies are lazy.
Whats the best way to get my revenge or at least piece of mind.
Randy.

Randy, moved your posting to the bk section.

You need to dispute the incorrect reporting, check your reports and Beacon score:

http://www.bayhouse.com/order-credit.shtml

Order the free trials for Equifax and Experian.

And read http://www.bayhouse.com/bkcreditdispute.shtml and then do some reading here and post any questions.

.

Randy-

Sounds like you already have it figured out! You are totally right that you should not being paying anything close to 9% - not with the 5 years of perfect credit that you re-established.

Clearing the report might be a bit of a project, but if you search through the BK thread at this site you will find plenty of info on how to proceed.

You mention that you have been prefect on your new house (which is great!). I do have a couple questions -

Did you get your home loan after the BK (calling it new, leads me to believe - yes). What kind of rate and did you having any trouble getting the loan?

Also, I would think the incorrect reporting derogs would have surfaced at the time or your mortgage loan. Wasn't it a problem then?

As far as the car dealer - maybe show them documentation that what is being reported as collection, etc... was actually discharged. If that doesn't work, then I would try another dealer or maybe even another car maker.

5 years clean with re-built history and they want to charge you 9% - wow - some with less than 1 yr post BK are getting lower rates. (Neptune)

Good luck and let us know how it goes!

Bought home Feb, 2000. Fha 7.5%. Refinanced twice down to 6% with no cost to me. I have had the same employer for twenty years. House was undervalued. Least expensive house in good neighborhood despite being of similar design. It needed work. Owner chipped in $4,000 to get the deal done, house was vacant and just a bill to their family. Needless to say they were motivated.
Broker arranged financing and we were always up front about our financial situation. THey said I had a good score but some "charge-offs". They wanted a copy of my discharge and list of debtors(not exact name) , two days later I was approved .
The loan appeared to be with Prudential but was really with Washington Mutual. Dont really get all the shenanigans that goes on in the loan process. House is appraised at 115,000 now then it was appraised at 108,00. We bought it for 108,000 minus the 4,000 extra chipped in from owner. We got in for 3,800 total. It remains the only lucky thing that has ever happened to me, except my wife.
Note to Christine, Thanks for redirecting me here. My Impatience does show. If I had spent more time just nosing around I would have found this board. I have been reading thru the threads and I can see that you get a lot of the same question, over and over and over again.
I now know exactly what I have to do to straighten the sob's out. You do a great service here to those of us who want to fight this rotten system now can

Thanks! And thanks for sharing about your house.

"Least expensive house in good neighborhood despite being of similar design. It needed work. Owner chipped in $4,000 to get the deal done, house was vacant and just a bill to their family. Needless to say they were motivated."

That's exactly the way to go. You'll be allright.

Now DO post any specific questions, I renamed the thread so that other new readers can start here.

Wished I had the time to put up a lot more examples, FAQ, etc. - just don't have the time.

HI, astounding.
Results of three reports.
Bankruptcy 9/1998 (Correct)
Equifax-Discover date reported 2/2001. A second account by Discover that is my wifes account and she never declared bk. That was reported on 8/99 as included in my bk, it was'nt.
Third error is FIRST USA repoting a account as charged off with a balance and adding interest, that report date is 7/2001. This account was I think originally owed to wachovia and since must have been "acquired" by first usa. #4 First usa account showing as charge off , not bk and updated on 7/2001. #5 A fleet account closed 6 mo before bk shows up as included in bankruptcy.

Trans Union-Discover shows update on one account on 2/2001. And That fleet account shows up as >bkrpt/acct closed by consumer<, two lines down it shows account closed on 3/98. First USA shows one account as a writeoff and as past due with an accumulating balance. Same update 7/01. The second first usa account was updated on 10/01.

Now Experian-Discover shows both accounts in Status as : Petition for Chapter 7.
One account it then shows as a Bk/account charged off
The second account shows a BANKRUPTCY FILED IN 7-2000. Totally made up. That has got to be a violation of the FCRA.
An auto loan discharged shows as Status: account charged off/past due 90 days. 2,619 written off. Then under account history it says discharged thru bk...Again the Fleet account closed on 3-1996 shows up as included in bK. I have some interesting work to do.

No wonder nobody would give me a decent intest rate.

Now you have a choice of HOW to dispute.

And because even accounts that are correctly reported as "included in bankruptcy" accounts are lowering credit scores, I would go for the online disputes "no knowledge of account" of "not my account" of all accounts, whether correct or not.

I used to have a problem with lying, but I think I explained how I got over that somewhere here.

BTW, that's exactly what the credit repair lawyers do. I like to do this online, because at least there's no paper trail.

First USA will probably verify the account, and then you have to do the "real" disputes.

Unfortunately, the bureaus may refuse subsequent disputes after the verification, so the second disputes have to be very specific to get them to investigate.

I have disputed everything as not my account. Equifax told me that "date reported" will not effect my score, even when updated.
I would think that the creditor can not do anything to your account after bk. They should not show a balance at all , should they?

**I would think that the creditor can not do anything to your account after bk. They should not show a balance at all , should they?**

Of course they should not reflect a balance. A balance indicates an amount that you owe. If an account is discharged in a BK - you owe nothing!

What I did with a Crap ONE acount that showed a $112 past due is this:

I called Crap One recovery dept. and I said "From reviewing my credit report I understand that you feel I owe $112 on account ########... "

They say "Yes, that's correct - you owe $112"

I said "Fine, why don't you please send me a bill for that amount? And, by the way, please remeber that trying to collect money on a disharged account is against Federal Law"

Well, I was put on hold for a couple minutes and then they came back on-line and said "We're very sorry, we cannot send you a bill for this amount and we will update the credit bureau to show Bankruptcy no balance".

And sure enough, it took about a month, and it was report was updated.

Maybe I should have just asked for a bill and not warned of trying to collect a bankrupt account. But they updated the info and that's what I was really after.

Good Luck!

Update= Well Discovery had orginally after bk correctly reported my acount. I had a BRAVO card with them. Ayear after my bk they phased out that card and gave everyone a new #. That is when they updated my CRA reports and showed a new BK and added another ding. So the same account shows up twice as being BK.

First bank bought my loan from Harris bank who had aquired it from Fleet after my BK. (WHO is screwing who). Renumbered it and dinged my CRA"S with another bk'd account. The original
credit card with Fleet was an Individual account. Thru the mystery of credit selling it became a account where one report shows it as joint and the other as an authorized account on my wifes report.
She never was on this card in any fashion.
God give us strength!!!!

Things starting to move. Just checked the experian web site where you can see the status of your disputes. One is gone already and one it says remains. Thats ok because it was correct.
Then a strange phone call where a machine says "we are just checking the phone number" and then hangs up. Sounds like a
crediotor type thing to do.

That phone call is strange, creditors shouldn't do that unless you applied somewhere.

And it really is odd how these discharged accounts are so often sold. After almost 7 years Providian sold my account to Chase. I'm pretty sure Chase didn't actually pay for the account, but got it with a whole bunch of accounts.

Although I don't understand why the don't just "do away" with those account. Hit the delete button or something.

Hi Christine, A little update here.
On experian Discover deleted the correct TL. I am still waiting on the WRONG tl that they reported as a charge off a year after BK.
It still shows as pending. Looks to me like they screwed up again!!
I am still waiting on trans and equifax.
My wifes report is looking good. Trans union and EXP removed the First usa TL charge off in a blink of an eye.
So we are just waiting now for the rest. This Friday is D-day
for the big three on my reports.

It'll take till next week until you get the snail mailed results, and you have to compare those carefully to the report - sometimes the reports don't match the results.

Hi Christine,
Well the results are in and I must admit that everything you have said ….was true. This is no way to run an airline…I will not bore you with the little errors just the whoppers,
I filed BK on 9/98.
First USA BANK…looks to much like lawsuit.
They bought some of this stuff after bk.
Acct#4325 the AD stands for after dispute.
Equifax= acc in in bk AD deleted.. (COULD HAVE STAYED WAS ACCURATE)
Experian= never reported it.
TU=chap7bk paid off 8/98(bk was 9/98) AD deleted.


Acct#5435
EQ=bal3024 r9pastdue2160chargeoff AD Notice from eq said it was verified with new info. But it is not on the new report!!!
EXP=original credit FLTCC and reported correc. AD deleted.
TU=pro/loss writeoff 2160. past duecharge off/ AD transfer PAYMENT AFTER CHARGE OFF/collections..no mention of bk


Acct#5417
EQ=inc in bk/ AD balance 1871. R09chargeoff acc (So now there is a balance. Did eq mix up this acct with the second acct.)
Exp=showed a balance disputed not mine. AD verified. I have re disputed the balance.
TU=unrated. I did not dispute.

Discover
I had a bravo card at BK. They fazed out bravo renumbered and reported.
#60113
EQ=innbk/ AD inninbk
EXP=Status pet forchap7 charge off filed chap 7 7-2000/ charge off chap7 7-2000. Creditors statement: account closed at credit grantors request.
TU=CHAP7bk unrated// AD Charged of as bad debt paid off 8/98 (before bk? I doubt it!)

##60119
EQ=inc in bk/ AD deleted.
EXP=pet for chap7 bk charge off/ AD deleted.
TU=No mention.


So Discover did not do too bad unless we count fibbing. First Usa are truly incompetent at the very least.
Now to make First usa pay.
Just saw the newsletter. Great work.

Thanks, it got a little long.

"Notice from eq said it was verified with new info. But it is not on the new report!!! "

It's really important that people COMPARE the results to the actual reports included with the results.

It happens FREQUENTLY that the Equifax report does NOT match the results. Sometimes they'll say they DELETED an account when it's still on the report. In that case you just send them the investigation results and ask for deletion, so far they've always complied. But you got to check everything.

First USA:

"TU=pro/loss writeoff 2160. past duecharge off/ AD transfer PAYMENT AFTER CHARGE OFF/collections..no mention of bk"

That IS a serious problem.

"Acct#5417
EQ=inc in bk/ AD balance 1871. R09chargeoff acc (So now there is a balance. Did eq mix up this acct with the second acct.)"

Another serious problem.

"Exp=showed a balance disputed not mine. AD verified. I have re disputed the balance."

ok

Discover:

"EXP=Status pet forchap7 charge off filed chap 7 7-2000/ charge off chap7 7-2000."

That's typical for Experian, and one of the reasons why I'm suing them.

"TU=CHAP7bk unrated// AD Charged of as bad debt paid off 8/98 (before bk? I doubt it!)"

It's unusual for TU to report as Ch 7 and then add that "bad debt" notations. I would dispute it again.

" First Usa are truly incompetent at the very least.
Now to make First usa pay."

It's First USA and the bureaus. I would dispute AGAIN with specific disputes and list EVERYTHING that's incorrect and could lower the scores.

If they again don't fix it, I think you have a really good case.

My issue with all this is that if the DO fix it - why do you have to work w/o pay?

And of course there are all those people who do NOT read here and don't even KNOW how much money this is costing them.

That's what I would like to change.

Firstusa buckles in.


Letter from them today in response to written demand for validation.
"As A leader...service. Thats why we CAREFULLY researchered your recent inquirry related to your credit bureau report.
Our records indicate that the above referenced account is reporting differently with Trans Union from the data we have. Our records....(they then accuarately relate the original bk loan)....

Since we are unable to verify this information, we have requested that the (THREE BIG PIGS) remove the account noted above from your credit report......blahblahblah

Seems like they want to blame TU.
They just cant stop lying. I mean it was not just TU that had this account verified with new information.
Still I feel I am getting somewhere, so I can not be too greedy.
I would like to ask Firstusa why, if there records show that it was a bk under a different bank, did they report it as a chargeoff with an outstanding balance and then verify said debt with cra's.
I would never get an answer!!!