Pre BK credit score and payment history

[LSUTiger32]

Just make sure everything is reporting correctly, that is the key. I would also give it some time between discharge and checking the reports. It took about a month or two for all of mine to get straight. Once I knew everything was reporting correctly, I haven't checked them since. No reason to.

[Poorhouse64]

Please help me understand this.

If you are paying faithfully on a non-reaffirmed mortgage ---- it doesn't help rebuild your credit score post BK. Right? The bank doesn't report these pymts.

BUT If you stop paying your non-affirmed mortgage ---- does it further hurt your post BK credit score?? Or does it just remain $0 balance IIB?

Thanks!

[backtoschool]

Paying on a non-reaffirmed debt will not help your credit score because the payments will not report.

Not paying on non-reaffirmed debt will not be a negative item on your reports either, although legally the creditor will have the right to foreclose and/or repo the house or car if you do not pay the payments.

[vlad68]

Ch 13 credit reporting

Any one out there who can answer this ill give a big cyberhug to you.

Ive been in an active Ch13 for almost 2 years now. I pulled my 3 credit reports the other day to take a look at how things were being reported. Everything looked as expected and all items except my first mortgage were marked with included in ch 13. My first mortgage was not included in my ch 13 plan and is paid outside of the plan regurlarly. All my payment history was still listed.

My confusion is the following,,while reviewing the payment history on that first mortgage I noticed one payment discrepancy so I disputed it. What happened after the dispute was part good /part bad. They fixed the error but then the creditor(citimortgage) also changed the account to read as Included in Ch 13. I disputed that and they changed the account to read (in W.E.P plan )and proceeded to conceal(remove) 5 years of good payment history. Subsequently my credit score dropped 45 points after being stable for two years at around 580, this is with Equifax by the way.

The other bureaus scores also dropped a little when they rechacterized the way they are reporting the 1st mortgage.

Can they do this and why? The 1st morgage isnt part of the bankruptcy and they have been reporting the payment history for 2 years now. I called equifax and they have no explanation and the creditor says all my accounts are considered under ch 13 so therefore that is why they report this way.

Will my payment history be erased forever? will it reappear after the discharge

Thanks a mil for trying to answer these questions. By they way where does one go to understand what a creditor is allowed and not allowed to report,,Where are all these rules ,, is it available to the public? Equifax seems like clueless ballboy.