Greetings all, I'm going through my credit report. Some accounts that I included in my chap 7 bk are not reported as "Included in BK". They say Charge-off, Late, etc. Is it better to have the accounts shown as Included in BK vs. Late, Charge-off, etc.? Will this impact my FICO score? I had a loan officer review my report once and inquired about a couple of accounts that werent listed as "In BK". He made it seem like it needed to be reported correctly as BK. Any advice is appreciated Thanks, Russ
It does make his job simpler, but since you'll have to give them a copy of your BK filing, he can check them off manually. No biggie for a mortgage. I'm not sure there's any difference in a bad TL that's IIB instead of charged off. I've been pretty anal about getting them to read IIB and I have not seen my scores change at all.
