Outstanding Balances after Bankruptcy

August 17th, 2005 by Questions

Two years ago I was discharged from bankruptcy. I recently requested a copy of my credit report and noticed that some of my creditors have not removed the balance owing. Should the balances of the discharged owing be set to zero or do I have to wait 6 years?

Also, a couple of the credit card companies are still updating the payment history as \”collection chargeoff\”), even though the accounts should have been closed when I went bankrupt. Is this affecting my credit score and how do I get them to stop?



One Response to “Outstanding Balances after Bankruptcy”

, A licensed trustee said:

I suggest you contact the credit bureaus’ customer service departments to discuss your situation.

They will likely ask you to send them proof that you filed bankruptcy and proof that you were discharged. They should then correct whatever errors that are appearing on your report.

The credit bureau reports whatever its members (your creditors) tell it to report. It may be that after the customer service rep repairs the problem with your credit report that the the debts re-appear. If that happens you will need to contact the creditor(s) directly (and possibly threaten leagl action) to have them correct their files on your debt. Otherwise they will continue to report the debt to the bureau and your report will remain messed up.

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