Jump to content

Sign in to follow this  
HowMuchDoIOWE????

Does a CC company check BK docket

Recommended Posts

This applies to basic credit repair and to BK's, so I am going to post it in the most likely place to get qualified answers.

 

When applying for a new card and one's CR shows no BK (after credit repair, for example), how does a CC company know if someone has filed BK? Let's say the application was made well after discharge, and the credit repair cleared any mention of BK related accounts. Credit repair can get deletions of the BK from the CR's, right? And surely the creditor does not check the BK docket for every new account, right?

 

So if the CR the CC company pulls shows no BK due to credit repair, and I honestly pass right over the " BK'd recently " question just by ignoring it (if it will allow me to do that), how would the system catch a BK? Assuming it is not showing on CR they pull....

 

Ideas?

Share this post


Link to post
Share on other sites

There are several companies which provide bankruptcy data to creditors. Choice Point, Lexis Nexis, and others.

 

Just because the bankruptcy doesn't appear on your 3 bureau reports, doesn't mean that the creditor is unaware of it.

Share this post


Link to post
Share on other sites

I am guessing there is a charge, a cost, however, and I am looking for the probability a creditor would go to the expense and effort on every new account to discover whether a BK had been filed by the applicant.

 

I know they COULD find out, I just cannot believe they would make it a regular part of a CC application.

 

Any ideas?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  




  • Today's Birthdays

    1. trent101
      trent101
      Age: 52
    2. Brog
      Brog
      Age: 57
    3. BrentN
      BrentN
      Age: 49
  • Member Statistics

    • Total Members
      177,987
    • Most Online
      2,046

    Newest Member
    BaxterStJ
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines