I filed for Ch.7 BK this past April and I decided to pull my credit reports through Privacy Guard and see if it had should up yet. My reports show that i have filed for Ch.7 which I expected but my Wells Fargo Mortgage shows to be closed with a zero balance and it also notes that it was including in my Ch.7. Is this normal? I plan on reaffirming my mortgage and my auto. I also show duplicate trade lines on my Bank One auto loan. One shows as paid as agreed and the other one shows closed by grantor with a zero balance. Is this normal? Thanks alot.
You may plan on reaffirming your mortgage, but if you included it in the bk, then they can report it that way. As for your car loan, no, it is not normal to have 2 entries for the same loan. I don't know which is correct as you haven't given any details on it except that you plan to reaffirm it. If that is the case, it should show as included in bk and it sounds as if neither entry is correct.
Watch out if you're looking to reaffirm your WF mortgage. I have a WF mortgage too. I was told by a WF CSR that only deal with the debtor, not your lawyer if you have one. You have to call WF and get the name of a local WF lawyer to get your reaffirmation paperwork done. And you must be get your reaffirmation paperwork logged in to the bk court before your discharge, which is typical when dealing with any reaffirmation agreements.
