blank fields instead of $0 on credit report

Information that should and should not be reported where there is a bankruptcy.
Guest

blank fields instead of $0 on credit report

Postby Guest » Tue Feb 28, 2006 5:23 am

I have filed a BK7 in the past. I have noticed that any and only accounts that were included in the BK7 have a blank field in the "Balance" field. Any other accounts that have a zero balance have a digit in the field (0).

From Fair Issac
http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx

[quote]Amounts Owed
Amount owing on accounts
Amount owing on specific types of accounts

Lack of a specific type of balance, in some cases
Number of accounts with balances
Proportion of credit lines used (proportion of balances to total credit limits on certain types of revolving accounts)
Proportion of installment loan amounts still owing (proportion of balance to original loan amount on certain types of installment loans)

Any good accountant knows a blank field is not zero, it is an unaddressed item. The fact that only IIB accts appear this way make me question if it is a deliberate malicious attempt to circumvent the FICO scoring process.


Rumpole

David A. Szwak

Re: blank fields instead of $0 on credit report

Postby David A. Szwak » Tue Feb 28, 2006 5:29 am

[quote="Anonymous"]I have filed a BK7 in the past. I have noticed that any and only accounts that were included in the BK7 have a blank field in the "Balance" field. Any other accounts that have a zero balance have a digit in the field (0).

From Fair Issac
http://www.myfico.com/CreditEducation/WhatsInYourScore.aspx

Amounts Owed
Amount owing on accounts
Amount owing on specific types of accounts

Lack of a specific type of balance, in some cases
Number of accounts with balances
Proportion of credit lines used (proportion of balances to total credit limits on certain types of revolving accounts)
Proportion of installment loan amounts still owing (proportion of balance to original loan amount on certain types of installment loans)

Any good accountant knows a blank field is not zero, it is an unaddressed item. The fact that only IIB accts appear this way make me question if it is a deliberate malicious attempt to circumvent the FICO scoring process.


Rumpole


Very interesting. Check back with me and I will look into this.

HelpMe2006
Posts: 214
Joined: Sat Feb 25, 2006 5:46 pm

Postby HelpMe2006 » Tue Feb 28, 2006 11:50 am

And, of course, you know I want to know this answer.

I am in the exact same boat.

It was my understanding that the balance has to show 0, and can not be left blank....

Also that the condition can not be "derogatory", it has to be included in BK.

And that the pay status can not be "chargeoff/collection"

And there cant be any notation of 30/60/90 days late

:?:

HelpMe2006
Posts: 214
Joined: Sat Feb 25, 2006 5:46 pm

Postby HelpMe2006 » Fri Mar 03, 2006 12:26 pm

*B*


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