Credit Score not really affected 90 days after filing

[riff]

Transunion 698, Experian 648, Equifax 673

Filed 9/2/09, 341 meeting 10/16/09, waiting for discharge

I had perfect credit and no late payments until a month before filing when the attorney told me to stop paying.

Will my credit take a hit once I get the discharge or is it filing that hurts your credit?

I have been monitoring my 3 credit reports with TrueCredit.com since filing.

[whipster1]

Some of mine updated a few days after discharge to show late payments DURING the BK which they should not have done...hopefully I can get those reporting correctly.

[riff]

Some of mine are showing late during the filing period, also. I guess I have some cleaning up to do.

[Flamingo]

Transunion 698, Experian 648, Equifax 673

Filed 9/2/09, 341 meeting 10/16/09, waiting for discharge

I had perfect credit and no late payments until a month before filing when the attorney told me to stop paying.

Will my credit take a hit once I get the discharge or is it filing that hurts your credit?

I have been monitoring my 3 credit reports with TrueCredit.com since filing.

What has hurt your credit will be all the late payments prior to your filing and then the filing being listed itself which will be on your credit report for 10 years. All your information has not yet correctly hit your credit reports and it is best to wait 3 or so months after discharge to clean things up. You will be considered a risk by any creditor for the next 10 years but it does help to clean up your report to ensure all is showing correctly.

[Michigan1951]

So we stopped paying after we filed. Does that make it better if you were current at the time of filing then? I know the bk will be there and the missed payments AFTER the filing was done.

[aa06a47]

Bankruptcy is the biggest single hit to the credit report. The late payment history will go away long before the bankruptcy. Hang in there. Credit markets are very tight. I believe the days of getting right back in the saddle 1 day after a discharge are over for now as lenders have many good credit people they are not loaning to right now. It use to be that creditors loved fresh out of bk people as they cannot file for several years. I don't think they care about that as much now.

[StartingOver08]

So we stopped paying after we filed. Does that make it better if you were current at the time of filing then? I know the bk will be there and the missed payments AFTER the filing was done.

If your tradelines show late payments AFTER your filing date, you need to dispute that because it is not accurate. The CRA's can only report your history up to the FILING DATE. Once you are discharged, then the tradeline (each creditor) is supposed to read: iib (included in bankrupty) with a zero balance. If it does not read that way, dispute first to the CRA then to the creditor. It is a FDCPA violation to not report the debt correctly.

Most of us have to spend time getting the reports corrected, the CRA's are not very accurate at all.