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truknesnah

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How to remove a reported delinquent account that was listed in a chapter 7 bankruptcy
I had a credit card with USBank that was included in a Chapter 7 bankruptcy last year. My credit report shows the account as delinquent. The bank sold the paper to Portfolio Recovery Assoc. Now both are saying that they can't remove the posting on my credit report. Help please.

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Bankruptcy does not eliminate report.

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Bankruptcy may eliminate your obligatioin to pay the debts, but the delinquency MUST be reported on your credit report for at least the next 7 years.  This is required under the Fair Credit Reporting Act, which is a federal regulation.  That credit card was sold to Portfolio Recovery because US Bank likely got tired of wasting their time trying unsuccessfully trying to collect on that account and Portfolio Recovery's business IS collections.  That is why both are listed and they will remain until the time they fall off.  The bankruptcy remains for the next 10 years.

There is no changing what is a part of your credit history.  What you need to do is make it a habit to pay all accounts as agreed so you don't have negatives on your credit report.

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