Mort co reporting 60 (or 90) days late?!?!?!?!??!

[IamOld]

I've got a really bad feeling about this...BUT on MY credit report (spouse filed Ch 13) our mort co - as of 5/31/11 - reports 60 days late - when we/spouse filed, we were 60 days late, but made payment on 4/30/11 for May - first post petition payment...and I made 2nd post petition payment by phone to them on June 1....

Is this funny business? Is HSBC trying to argue that we're continuing to be behind even though payments are being made? ARe they trying to force a foreclsure?? IN my state it's done in 90 days - there is ZERO equity in house. What the "EF" are they doing?

Proposed plan pays arrears in full.

OR is this because ME/I didn't file but only spouse?

Is this something to worry about/and or should I ask atty? One thing that freaks me out is this....

Car loan (Cap One) shows 30 days past due which is correct - it is running 30 days past due with arrears of one payment in plan, made the 2 post petition payments thus far.

Chase for other car showing CURRENT (which it is) and the 2 post petition payments were made.

What is HSBC up to??? We are NOT and WERE NOT 90 days late?!?!?!

What do you all think????????

[newbie2]

Take a deep breath. If I remember correctly your plan isn't confirmed. Until it is, they are not receiving any arrears payments. Also, you are protected by the automatic stay so no foreclosure. You are also protected by the automatic stay even if your spouse is the only one that filed. (A Chapter 13 protects co-debtors) Once the plan is confirmed and they start to receive the payments by the trustee things get straightened out on the credit reports.

[IamOld]

A million thanks newbie2!!! Deep breath taken. I mean they can't deny that they got the $$.

Thanks so much - this is why this Forum is...PRICELESS - PRICELESS!!!!!!!!!

A trillion thanks again!!!!!

Take a deep breath. If I remember correctly your plan isn't confirmed. Until it is, they are not receiving any arrears payments. Also, you are protected by the automatic stay so no foreclosure. You are also protected by the automatic stay even if your spouse is the only one that filed. (A Chapter 13 protects co-debtors) Once the plan is confirmed and they start to receive the payments by the trustee things get straightened out on the credit reports.

[justbroke]

The last thing that you need to worry about after having "just" filed a Chapter 13 is... your credit report. The dust will eventually settle and, with any luck, the creditors will start reporting correctly. Your credit is toast at this point anyhow, so I would only ask that you concentrate on staying in plan and saving. (In plan, means paying on time with no missed payments!)

Best wishes to you on your journey.

[IamOld]

I completely AGREE!!!!!!

I was just wondering if HSBC is trying to pull something....not the credit report itself.


Thanks so much!!

The last thing that you need to worry about after having "just" filed a Chapter 13 is... your credit report. The dust will eventually settle and, with any luck, the creditors will start reporting correctly. Your credit is toast at this point anyhow, so I would only ask that you concentrate on staying in plan and saving. (In plan, means paying on time with no missed payments!)

Best wishes to you on your journey.

[justbroke]

They -- the collective creditors -- continue to report 2 of my mortgages incorrectly. I'm in the process of correcting this. They are really the only ones that have messed up. It may just be that mortgage companies are inept at dealing with reporting post bankruptcy. However, they are the only one on my credit report that have done this. (Okay, Verizon has a bad entry too, but they only did it once in one month.)

[IamOld]

Justbroke I'm not surprised...it's just that in unnerved me, and was thinking that HSBC is trying to pull like we're not paying - which we are, and I have of course proof of cashed cehck and phone payment...