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credit report rant

post #1 of 17
Thread Starter 
I got a copy from all three credit beuraus ... All three are ridled with errors ... I filed bankruptsy last year and all the stuff is still there and most doesnt have the bankruptsy on there... Looks like I have to spend hours fixing this mess... Anyone have any advise and short cuts??
post #2 of 17
I wish - I had to file bankruptcy a few years ago because my credit card spending was out of control due to the uncontrolled mania I suffered with my Bipolar Disorder. It has totally stuffed my credit rating, which is a shame because I am so finicky about paying bills and making sure everything is up to date. I have requested a report, too, to see what I can do about sorting it out. It isn't fair sometimes how it can wreck your life - we aren't going to be applying for a mortgage any time soon because of this - I wish they could take circumstances into consideration and not just see a generic black dot next to your name.
post #3 of 17
Thread Starter 
I dont care about the bankruptcy( glad I am not alone) but some of this stuff looks overdue still not part of a bankruptcy... I did the credit thing too .... I got one small card and my health credit stuff so I will learn to manage small stuff ... I just want the record cleaned ie showing bankruptcy not every closed acount...sorry just makes me mad when I spent $$ on the bankruptcy and it was to clear thing s up
post #4 of 17
Quote:
Originally Posted by KitEKats4Eva!
I wish - I had to file bankruptcy a few years ago because my credit card spending was out of control due to the uncontrolled mania I suffered with my Bipolar Disorder. It has totally stuffed my credit rating, which is a shame because I am so finicky about paying bills and making sure everything is up to date. I have requested a report, too, to see what I can do about sorting it out. It isn't fair sometimes how it can wreck your life - we aren't going to be applying for a mortgage any time soon because of this - I wish they could take circumstances into consideration and not just see a generic black dot next to your name.
I haven't had to file bankruptcy yet, and hope not to, but in summer 2004 I racked up all my credit and bought nothing of importance, and was going through a manic episode during that time (although I wasn't aware of it until I was diagnosed last year with BD). My BF at the time pointed out there was something wrong, but I was in serious denial at the time, although deep inside I knew my behaviour was not normal for me. I still spend but it's more controlled, but I'm reeling in debt.

Aside from my little rant there, I have had to correct things with a credit bureau who stated my student loan payments were late, and I was able to discuss it with them, so it didn't infringe on my credit rating. They do get their facts wrong sometimes, due to simple human error. But it's an error that can seriously damage someone's finances.
post #5 of 17
I just finished cleaning up my credit (ex-husband trouble). Write letters, detailing the disputed items and send to all three credit bureaus. In addition, contact the companies involved and dispute with them.

Once you have filed a dispute, the companies and credit bureaus have 30 days (by law) to investigate and sustain, delete or update the items. You will receive letters from the bureaus and the companies, detailing the results of their investiations as well as updated copies of your credit reports.

I filed my disputes around the first of December and had the results and updated reports, before Christmas. Good luck.
post #6 of 17
Quote:
Originally Posted by vespacat
Aside from my little rant there, I have had to correct things with a credit bureau who stated my student loan payments were late, and I was able to discuss it with them, so it didn't infringe on my credit rating. They do get their facts wrong sometimes, due to simple human error. But it's an error that can seriously damage someone's finances.
Tell me about it! I applied for a credit card early last year and my application was rejected. On enquiring the reason why, I was told to check my credit file. Imagine my fury when I discovered that my application had been rejected on the grounds that my credit file had me down as being deceased!!!

The confusion came about when I was sorting out my father's affairs after he passsed away. I had to write to everyone to close accounts etc and one of the companies I had to write to was T-Mobile. The idiots had taken my name but my father's details and put me down as being deceased. When I contacted T-Mobile to try and get them to rectify the situation, they refused to speak to me because I was dead! It was all rectified eventually but the whole situation was incredibly stressful
post #7 of 17
Thread Starter 
Amazing how much trouble they cause without being held reponsible..
post #8 of 17
Some of the credit reporting companies get thier information from creditors via "tapes" (must be an industry word) Anyhow they can be 2 months behind on posting to your credit report. Anyone can make a generic statement to their credit report (in the case of how the BK's) Also with bankrupcty the bankruptcy may have to have gone through the discharge porcess before the bureau will update. Are any debts being reaffirmed (payments will be made??) They actual creditor would have that info on had. When I worked in finance and there was a BK we had looked to see if the consumer had re-established major credit (not a cc) before giving them a second chance. If there was a repo and we took a loss-forget it!!
post #9 of 17
Let me get this straight. You filed a bankruptcy and your upset because it HASN'T been reported?

If you filed in 2005 don't worry, it will show up sooner or later. I use to work collections at a major bank and I know a thing or two about these things.

What you want to concern yourself on your CBR is any sign of identity theft. If it's a question of accounts that were closed and such you can contact the companies on line and have them investigate as someone else mentioned.

In any case once it does appear on your CBR it's there for a full 10 years. That doesn't mean you can't get credit, it just means you'll pay higher interest. Some banks may still turn you down, mine would.

Honestly I wouldn't worry too much about the CBR at this point. Give it another year then take a look at it.
post #10 of 17
Thread Starter 
Okay I will let it go an get it in a few months it was discharged in April 05... sorry I figure everyone is as copetent in their jobs as I am...

there is one account I know nothing of that says I am authorized ... My mom knows nothing of it either..

My worry is I will need a new car in the next year or two ...knock on wood for two
post #11 of 17
I had to file bankruptcy last year too (ex boyfriend and I racked up my credit cards buying stuff to fix up his/our house and when we broke up 2 years ago, I was left with the bills and he stayed in the house...) I can't give you any advice, just wanted to add myself to the "you're not alone" list...
post #12 of 17
Thread Starter 
Thank you Shannon I like that I aint alone
post #13 of 17
Keep an eye on those creditors that were discharged and still report you as being delinquent. I had a bankrupcy discharged almost 5 years ago, and there are still 2 trying to say I'm delinquent on the accounts. They continue to report it.

So, yes, it is a big deal to not have the bankrupcy on the credit report. Having those accounts still listed as active kills the credit to debt ratio, and debt to income ratio, which means you can't get any credit.
post #14 of 17
Thread Starter 
Quote:
Originally Posted by valanhb
Keep an eye on those creditors that were discharged and still report you as being delinquent. I had a bankrupcy discharged almost 5 years ago, and there are still 2 trying to say I'm delinquent on the accounts. They continue to report it.

So, yes, it is a big deal to not have the bankrupcy on the credit report. Having those accounts still listed as active kills the credit to debt ratio, and debt to income ratio, which means you can't get any credit.
I am not glad that this happened but I am glad to realize it is not just me... the bankruptcy shows up but many of the items discharched are showing past due or collcetions activity..
What do you do to correct it??
post #15 of 17
Contact the credit reporting agencies, all 3 of them, and file a dispute on the accounts that are still being reported as delinquent that were discharged in the BK. The bureaus will then contact the companies reporting it, and if they don't respond then it is cleared from your report. Since they have no chance of getting money from you, they probably won't fight it. If they do, you would just have to provide the documentation from your bankrupcy discharge report, which you can get from the court house (you'll have to pay to make the copies, but you should have that in your files). That's my problem right now - I need to fight it, but I can't remember where I put my paperwork (probably somewhere that I wouldn't lose it ).
post #16 of 17
Thread Starter 
Thank you... I needed a trip to the court house to record a deed anyway so looks like I have to do another thing while there..
post #17 of 17
If they are still showing up as past due the banks have not gotten around to writting off the debt or they are not reporting your bankruptcy.

I suggest call the creditiors, make sure they have your case number date and city you filed.

Let me warn you. From what I saw on how banks really operate it's amazing that they can even be successful.

Oh, I filed a bankruptcy in 1994. I didn't bother to look at a CBR until around 1999. I purchased a home in 2004 10 years to the date and the bankruptcy was no longer on my record. In addition only 1 of the credit bueraus had the bankruptcy listed.

Have fun..
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