After bankruptcy (Veda Credit)

Discussion in 'Credit Talk' started by Camerong, Nov 29, 2015.

  1. Camerong

    Camerong New Member

    Hey names Cameron and I'm 23

    I'm a little lost what to do after my bankruptcy I get discharged September 2016 but on my Veda file got a few driftnet dates.. I.E

    Status :Outstanding
    Credit Provider: ===
    Date 06 Jun 2013
    Amount $ 12,***.**
    Account Number **********
    Type of Account Personal Loan (Fixed term)
    Date will be deleted by 06 Jun 2018
    Original Listing
    Original Credit Provider
    Date 06 Jun 2013
    Amount $ 12,***.**

    Come September 2016 what is going to happen ? will my file be ok ? or do I have to wait will 2018 ?

    Thanks Cameron
     
  2. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Welcome to Creditnet Cameron, and sorry for the late reply. CRAs and your creditors should report each discharged debt as having a zero balance, and discharged, “included in bankruptcy,” or similar language. Of course, that doesn't always happen, even thought it's supposed to.
     
  3. Camerong

    Camerong New Member

    Hey thanks for getting back to me :) so what do I do live it and wait till sep 2016 ? and should be all clear or call around and find out why it is not 0 now ??

    thanks cameron
     
  4. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Did you file Chapter 7 bankruptcy?
     
  5. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Hey Cameron, just curious what type of Bankruptcy you filed so I can try to help answer your questions. Thanks, and Happy New Year!
     
  6. Camerong

    Camerong New Member

    Hey yes under chapter 7.
     
  7. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    OK, so once the debt is discharged in the bankruptcy, the CRAs are required to report the debt as having a 0 balance and note somehow on your credit reports that it was included in your bankruptcy. Until the discharge actually takes place though, the balances will remain and the debts will show as unpaid and late. So I would suggest just waiting to see what happens in September 2016 once your bankruptcy is complete. Does that answer your question?
     
  8. Camerong

    Camerong New Member

    Thanks makes me feel a bit better :) veda that shows me everything that i have every got money though yes ??
     
  9. JoshuaHeckathorn

    JoshuaHeckathorn Administrator

    Oh, so are you in Australia? I'm not very familiar with Veda, but I'm pretty sure that's the largest credit reporting agency in Australia, right? I know there are other CRAs though too, like Dun & Bradstreet and TCS. Have you made sure that you've checked all 3 of your credit reports and compared them to each other?
     

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