Please Help Desperate & Confused I had a Cap. One account and I filed chap 7 bankr & it was discharged in 3/2001Cap One was included in that bankruptcy. Later in 11/2001 Cap. One issued me another CC. In 2004 I became delinquent with that card and they reported it as a charge off as of 2004 Now 2 different Cap One Accounts. On the delinquent account - Cap One reports to all 3 CRA's and change the last date to October 7, 2007, as a charge off date, with balances showing On the account that was discharged Chap 7 in 2001- Cap One reports to Trans Union, & Equifax a balance ( I guess) because the last report date is also October 7, 2007, but in the remarks it states included in bankruptcy. Still showing balances. Now this made my credit score drop over 40 points between these 2 Cap One Accounts. Some please help me (I'm pissed & confused) Thanks
All of Cap One's comments under your first Cap One card - which you included in bankruptcy, will remain until it falls off the credit report. The important words are "Included/discharged in bankruptcy". Any other comments that they included was historical info prior to your bankruptcy. Fair to keep that historical info on there? NO. Just a way for creditors/reporting agencies conspiring to keep peoples' credit rating/history in the toilet.
I understand the comments remaining on file for 7-10 years. but a date of Oct , 2007 was placed on it, when it was discharged in 2001. It appears as soon as they did that it dropped my score. I know it's can't be allowed for them to reage a bankr. account, or can it ??? What about reaging the account that was charged off sometimes in 2004, now it looks like the account just recently went delinquent. I was told the older the charged off accounts are the less it affects your credit score Is this true, I just need a direction where to start with this mess Thanks
If you still have the discharge document and the official listing of the debts that you included in your filing, make a copy of them, write a dispute letter to the credit reporting agency(ies) and advise them that the bankruptcy was filed and discharged in 2001. The other account, charged off in 2004, will remain on your credit history for 7 years.
I understand that part, but are they allowed to report new dates on both accounts, something like they re-aged both of these accounts to make it look like I made some kind of transactions since 2001 & 2004
Are they reporting it as the delinquency date or as a status date? If it's a status date, it is just when they last reported, not reaging. If they're changing the delinquency date they are reaging.
Yes they are reporting the account that was IIB and discharged in 2001 as 1st delinquent 2006, and the account that was charged of in 2004 as first delinquent as 2007. I have past credit reports with the original date that the 2nd account first was reported delinquent and it was in 2004. They did reage it, and change the balance amount, and my score dropped as a result of this.
