Mortgage reporting and bk??

[arkienurse]

I just pulled DH's Equifax report. On the mortgage, it is showing the account as opened, included in bk, but also shows no payments since we filed in 2004. Is this the accurate way for them to show? We pay our housepayment outside of the bankruptcy if that makes a difference.

[ICEHOUSE]

what is DH? I have seen that used alot... I assume it's something husband.
Sorry for not being up to date on the lingo LOL......

[arkienurse]

what is DH? I have seen that used alot... I assume it's something husband.
Sorry for not being up to date on the lingo LOL......

Darling Hubby, Dear Husband, Dead Head, Dick H***, etc. You will also see SO- only meaning I know for that one is Significant Other. And DW for Dear Wife, of course. Cant imagine the men needing to describe us in any other way

[BKinFL]

If your mortgage was reaffirmed then they should be reporting your timely payments. That is one of the ways your credit will be rebuilt. And they shouldn't be reporting your mortgage as IIB either, if it was not.

[lilgoose]

What is iib??? Is this the same for vehicle loans also???

[AfterBkMortgage]

When your mortgage company knows that a Chapter 7 or Chapter 13 has been filed, about 99% of the time, they either stop reporting correctly, or you will see rolling 120+ days late - regardless of actual payment history.

I have requested that a credit repair company that I send clients to find out how to fix this issue while in a Chapter 13. I am waiting to here from them.

Generally speaking, there is not much you can do to fix this until after the discharge.

[lrprn]

When your mortgage company knows that a Chapter 7 or Chapter 13 has been filed, about 99% of the time, they either stop reporting correctly, or you will see rolling 120+ days late - regardless of actual payment history.

I have requested that a credit repair company that I send clients to find out how to fix this issue while in a Chapter 13. I am waiting to here from them.

Generally speaking, there is not much you can do to fix this until after the discharge.

ABM, there must be some significant advantages to mortgage companies rolling payments 120+ days late during Ch 13 or 99% wouldn't do it. Other than the obvious (being able to charge late fees) are there other reasons why they do it?

[BKinFL]

Goose, IIB is just an abbreviation for included in bankruptcy.

[AfterBkMortgage]

Irprn,

Unfortunately, I do not know exactly why it happens. But when I pull credit reports for clients (a lot of them!), and then I get a mortgage history, the two rarely match up.

I think the main cause is that once the lender knows a BK has been filed, they just stop reporting. That stopping of reporting to the CRAs either causes late payments each month or a DLA (date of last activity) the month that the BK was filed.

[SinkingFast]

Irprn,

Unfortunately, I do not know exactly why it happens. But when I pull credit reports for clients (a lot of them!), and then I get a mortgage history, the two rarely match up.

I think the main cause is that once the lender knows a BK has been filed, they just stop reporting. That stopping of reporting to the CRAs either causes late payments each month or a DLA (date of last activity) the month that the BK was filed.

There are 2 seperate and distinct histories??!! Total overall Credit and then another for Mortgages??

[tinroofrusted]

Usually it means, "Dear Hubby."

The word "Hubby" makes me gag though. I think "Tubby" every single time I hear it!

[aa06a47]

I have done numerous web searches and cannot find a good answer on mortgage reporting while in BK. Both of my mortgages are showing "closed" and debt discharged in chapter 13 bankruptcy. There is no payment history since filing for BK. While my credit score would suck now either way it went, not having the positive history of paying my mortgage will not help me and my credit score.