Question about credit report

[panthony01]

I filed for Chapter 7 about 3 weeks ago.

I checked my credit report and it shows that 3 credit cards are still "open - current" while all the others have been closed out.

Is this something I should worry about or am I making something out of nothing?

Also.. in regards to the 341.. all I've been told to bring is my ID and social security card. Am I supposed to bring my bank account statements? Or does the trustee already have them?

[leonel9]

I filed for Chapter 7 about 3 weeks ago.

I checked my credit report and it shows that 3 credit cards are still "open - current" while all the others have been closed out.

Is this something I should worry about or am I making something out of nothing?

Also.. in regards to the 341.. all I've been told to bring is my ID and social security card. Am I supposed to bring my bank account statements? Or does the trustee already have them?

I can't answer about the open-current status, other than to say that three weeks seems like enough time for them to update the status. I don't have personal experience yet, however. You could check on PACER and confirm that all three creditors listed on the BNC certificate of notice (and included in your petition).

Regarding the 341, your attorney should be able to confirm if she/he provided your statements to the trustee. I plan to bring a binder with every document sent to the trustee, plus some extra I anticipate her possibly asking for. If possible, I want the meeting to be over and done with, not continued while she waits for additional documents.

[Vandervecken]

A couple of my accounts still show "open" and I filed back in October. I suspect they are waiting for the discharge before updating the credit bureaus, just to avoid any accidental violation of the stay by their computer systems.

[justbroke]

I have two accounts that show open, but I know for sure that they are closed. I don't "touch" them because they are a.) older accounts, b.) show a zero balance, c.) shows a high credit limit, and c.) they are open! This helps my overall credit profile because your average age of accounts is an important component of your credit profile.

I had another account, Jared, which showed the same, but I got too happy and applied for a credit limit increase (CLI). They not only denied the CLI, they closed my account and it made my utilization look bad.

[bcohen]

I take it that the accounts in question were in fact paid current until the moment you filed, or had a zero balance? Some creditors, such as Discover Bank, will report a new charge-off status every month while the bankruptcy is open, for the purpose of battering your credit scores as much as possible. Once the discharge is granted, then by law no more ongoing late/charge-off statuses may be reported, and the balance must be reported as $0 owing.