Continuing bad credit report after bankruptcy - legit?

Edwards Finance > Loans

Q. Our chapter 7 bankruptcy was discharged last March. As of January of this year one of the discharged accounts is still currently being reported as over 120 days late, which appears to be negatively impacting our attempts to rebuild our credit. On a different part of the credit report it appears that this lender marked the debt as a charge off through bankruptcy, but it's still showing a new update from January from that lender stating the "over 120 days late" and the amount that would be due now as if it had not been discharged. Is this legitimate? What can/should I do about this if not? I am trying to rebuild our credit and certainly don't need this dragging down my score.

A. -All accounts not charged off before you filed must be listed as "Included in Bankruptcy" with a zero balance. I would start off by writing the credit agencies and ask them to correct the erroneous entries. If they persist, you may want to speak

Ask Edwards a Finance Question

Other Questions:

Land Home loan with bankruptcy?

How difficult is it to get a decent rate on a land home deal when a bankruptcy is involved? We've been "pre-approved" for a loan through a mortgage broker, but was told that we need to get a construction loan to buy the land and get it impro...

How bankruptcy law benefits children ? While bipartisan bankruptcy reform legislation was being considered by Congress for nearly eight years, women and children patiently awaited long-overdue critical reforms to prevent deadbeat parents from ...

I have been googling for an hour and find the canadian and various state tax rates, but not the federal. Can someone help me out here? (2004)-Sub S Corporations are "pass through" entities, and the income is taxed at the shareholders individ...

With the recent post about Frank Hogan and his successor, Robert Morganthau, I was curious to find out more about Morgenthau and how the character of Adam Schiff was based on him. Now, from what I read, it says Morganthau is the "District At...

My mother-in-law died about 2 weeks ago. Without her pension and SS income, my 76 year old father-in-law cannot pay his mortgage and credit card debt. He owes about 90K on a 150K house and has about 40K in credit card debt. At his current in...

Edwards Finance Menu

Ask a Question
About Us / Me
Contact Me
Privacy Policy

Sitemap

My Favorite Sites

PFBlog
Google Finance
Yahoo Finance
Motley Fool
Nveille's Financial Blog
AllFinanceMatters
Free Money Finance
2MillionBlog
The Terror Finance blog

Q&A Subjects