Continuing Bad Credit Report After Bankruptcy Legit
Q: Our chapter 7 bankruptcy was discharged last March. As of January of this year one of the discharged accounts is still currently being reported as over 120 days late, which appears to be negatively impacting our attempts to rebuild our credit. On a different part of the credit report it appears that this lender marked the debt as a charge off through bankruptcy, but it's still showing a new update from January from that lender stating the "over 120 days late" and the amount that would be due now as if it had not been discharged. Is this legitimate? What can/should I do about this if not? I am trying to rebuild our credit and certainly don't need this dragging down my score.
A: All accounts not charged off before you filed must be listed as "Included in Bankruptcy" with a zero balance. I would start off by writing the credit agencies and ask them to correct the erroneous entries. If they persist, you may want to speak with a consumer law attorney. .
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