You are here:
- Home
- Shopping
- Credit/Debt Management
- Creditors and Bankruptcy
- paid off chapter 13 creditor still says i owe
Creditors and Bankruptcy/paid off chapter 13 creditor still says i owe
Advertisement
Question
I filled chapter 13 and paid everything off.I had a car loan listed in the chapter 13.Chapter 13 was discharged in 2006.On feb. 15th 2009 checked my credit report.The finance co. that had my car loan and was paid off in full has put on my trw that i still owe 4275$ and that 4221$ is a charge off.Is this legal? what can i do?
Any amount that the original loan was compromised by can be reported as a charge off for 7 years. I'm guessing that is the case with this.
The best chance at helping is by doing what I would recommend to anyone after BK. Get some help working to remove all the negative BK stuff from your credit reports.
Many of my clients see a 700+ plus score shortly after BK by taking a few simple steps. Check out www.financialscoringsolutions.com to start.
David McArthur
219-718-8566
- Add to this Answer
- Ask a Question
Questioner's Rating
| Rating(1-10) | Knowledgeability = 10 | Clarity of Response = 10 | Politeness = 10 |
| Comment | thank you.I will go to your site so i can remove this from my trw.Only equifax shows this.The other 2 do not.Thank you again. | ||
Related Articles
- Chapter 7 Bankruptcy: Liquidation - Personal Finance in Your 20s and 30s
- Requesting Bankruptcy Protection - Budgeting
- The Top 10 Internet/Email Scams, #2) Advanced fees paid for a guaranteed loan or credit card
- Build a Good Credit Score - Charge Only What You Can Afford
- Credit / Debt Management - Article
Creditors and Bankruptcy
Answers by Expert:
David
Expertise
I can help answer questions on how to raise credit scores. I can educate you on all areas of credit scoring. My specialty is helping people recover from Bankruptcy and low credit scores quickly.
Experience
I own a credit repair company and have helped hundreds of my clients raise their scores to purchase homes, cars and qualify for other loans.
Education/Credentials
My background is in Financial planning.
©2012 About.com, a part of The New York Times Company. All rights reserved.