hi, My chapter 7 bk was just discharged and I am slowly trying to get credit reports straight. Checking transunion First USA has 2 accounts listed as "profit and loss write off" status as of 8/11/2001 "charged off as bad debt" I had started CCCS at that time and made payments monthly...they accepted agreement. Nowhere is included in bk mentioned. And I never had knowledge that it supposedly was written off as bad debt. Question is..how is this supposed to be reported? And to anyone who has filed BK..check your reports cause this is one of many including one that has it as a chapter 13bk...have a long road ahead still.. thanks for info!
I'm actually in the exact same position. Just had my BK7 discharged and First USA is reporting the saem thing "Profit & Loss Writeoff - Charged off as Bad Debt" Nowhere on the report does it state anything relating to the CH7 with them. I guess I'll dispute that.
I had the same problem with First USA after my bankruptcy was discharged. I disputed with all the credit bureaus several times, but they kept reporting my accounts as charged off instead of included in bankruptcy. I finally called First USA directly and got a letter from them stating that my accounts should be reported as included in bankruptcy. I sent that letter to all three credit bureaus and they updated my accounts. The number I called is 1-800-955-9900.
Anyone else have any insites into this? First USA is reporting to Equifax as Charged Off (should be included in BK). Should I dispute with EQ as not mine? Thanks
