     jonjon (Johnny) | Monday, January 22, 2001 - 05:02 pm 
My CH 7 was discharged in September 2000. I just recently pulled a report. While most creditors were reporting "Included in Bankruptsy" with 0 balances, many of them were also reporting late payments which occurred just before the discharge. Is this right? Can they do this? Also, we included our house in the BK along with a second mortgage. Although the mortgage Co has said they had started foreclosure in December, I have heard nothing more from them and the credit report shows included in BK for those accounts. Will the reporting change to "Foreclosure" after the house is settled and sold or will it stay the same?. Finally, there were a couple of accounts which showed included in BK as well as "unrated". Are these other accounts which show late payments pulling my scores down even further and if the mortgage Co changes its reporting to Foreclosure, will this even further affect my scores? |
| Christine Baker (Admin) | Thursday, January 25, 2001 - 12:36 pm
You have a lot of questions. Next time hit that enter key occasionally, because it's really hard to read.
Most likely you will have a foreclosure reported and if so, yes, it will lower your scores and is much worse for a mortgage than a Ch. 7.
I *think* that as long as the accounts state that they are included in the bankruptcy, and they DON'T report any dates after the discharge, it's legit and also won't lower your scores. |
