Credit Report Question

Sounds like a goof up....I'd def. check that out..lol

Thinks Jessi that's what I thought but how did that get on my credit report that it was discharged!

The same way any other errors get reported on a credit report...I'm sure it's a typo...I bet also that when it's fixed since you've been paying your payments on time every month your credit score should improve?

When a secured debt is filed for bankruptcy, there are two things to review. First, there is a personal obligation to pay the debt keeping the collateral insured with the mortgage company and the other is the security interest. The security interest is the most important factor based on which the company will take the property if it's not paid.

Personal obligation like your mortgage can be discharged in bankruptcy but the security interest cannot. This literally means that even though you have filed for bankruptcy for a secured debt, the creditor retains the rights to take away the property attached with it if it's not paid. If you think that the personal obligation is more painful than the worth of the collateral, bankruptcy helped in your case. For example, I have a car attached with my debt. I consider including that debt in bankruptcy and after some period of time, the attached car gets stolen or wrecked. Insurance will not pay off the amount for the stolen car. The creditor is at a loss.

Get in touch with your mortgage co. and explain what the CRs are reporting. They should fix it for you. I had a car that shouldn't have been in my BK. I called up the creditor and they had it changed. Hope this helps.