(we had answered prior to, nonetheless it would not appear to publish it comes to reporting to the credit bureaus after BK if it does later, forgive any duplication) Why is there an illogical double standard when?
If the BK is last, the mortgage is settled, beside me, the bankrupt individual owing absolutely nothing. This is certainly, i suppose, the reason why, in the event that financial obligation just isn’t reaffirmed, it generally does not find yourself from the credit file. Therefore, if we buy out of the LEIN (perhaps not the mortgage, as the financial obligation will not exist any longer, thus I cannot buy it away without reaffirming it) exactly why is that reported into the credit bureau? How do I settle an currently settled loan? Fling chapter 7 Bankruptcy and from now on trying the get rid of your credit history, the illogical standard that is double in comparison to “clearing a brain industry” odds are your debt or lien had been regarding the credit history ahead of the bankruptcy. Your report has information that is old has to be updated. The duty of cleansing your credit file falls for you. In the event that you settled on liens, to need to dispute and deliver a lien satisfaction letter s into the credit reporting agencies.